Tornado Alley (PROG)

[DesertDrifter]

The gun sale boom precipitated by spreading fear that obama was going to confiscate guns crashed with the election of trump, NRA is going to have to find a new tactic.


Gun maker Remington files for bankruptcy

by Associated Press

MADISON, N.C. — Remington, the gun maker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, has reached a financing deal that would allow it to continue operating as it seeks Chapter 11 bankruptcy protection.

The maker of the Bushmaster AR-15-style rifle used in the Connecticut shooting that left 20 first-graders and six educators dead in 2012, said Monday that the agreement with lenders will reduce its debt by about $700 million and add about $145 million in new capital.


https://www.nbcnews.com/news/us-news/beleaguered-gun-maker-remington-files-bankruptcy-n847316