Eliza Ronalds-Hannon and Polly Mosendz with Bloomberg News reported the news that Remington Outdoor Co. will be filing for bankruptcy, using, in my opinion, a leftist slant. The company, which has history back as far as 1816 and received its first contract in 1845 consisting of “manufacturing 5,000 “Mississippi” rifles for the U.S. military”, is no stranger to financial trouble. The Remington name is obviously not going to disappear, but this is still a hit for the company and shareholders. With all the Liberal and “independent thinkers” out there doing all they can to blame guns for shootings that people actually do, the article basically states that people are not panicked about gun availability, and there is no big rush to buy guns with President Trump in office. That is said to have hurt gun manufacturers all over.
Remington’s prepackaged reorganization will be filed with the U.S. Bankruptcy Court in Delaware, according to a statement from the company. Holders of the gunmaker’s $550 million term loan will take an 82.5 percent equity stake in Remington while third-lien noteholders get 17.5 percent of the company and four-year warrants for a 15 percent stake, according to Remington. Creditors will also provide a $100 million debtor-in-possession loan to finance operations throughout bankruptcy.
It’s hard to say what the future holds, and Remington was unavailable to Bloomberg News for comment.
Central to Eastern Montana Fishing Report 9.23.20
By Montana Grant
Montana Permit Information
Low flows trigger fishing closure on portion of Big Hole River
Gallatin River to close temporarily near Nixon Bridge
Mountain lion encounter [VIDEO]
Missoula hunter bags bull elk
Rutting buck interrupts coyote hunt [VIDEO]
NW Montana Fishing Report by Snappy’s Sport Senter 9.21.20
Fish consumption advisory issued for Piedmont Pond
By Moosetrack Megan
Youth Waterfowl and Pheasant Weekend approaches
FWP looking for info on black bear killed and dumped in Bitterroot
Father and Son bonding results in deer and elk tagged!
Montana hunter stalks mule deer up to 3 feet [VIDEO]
Fire burning near Troy 37 percent contained
Crazy Creek Campground open, with no services due to bad water sample
Blue Mountain Recreation Area to be temporarily closed one day this week for noxious weed treatment
USFWS proposes 100,000 acre conservation area in Flathead/Lincoln counties
Bighorn sheep season to close in HD 500
Wolf season to close in WMU 313
2020 Fall Mack Days Update: Week 2
Helena Area Reservoirs Fishing Report 9.21.20
MORS can give you MORE hunting and fishing info!