Unlikely Angel that saves Colt Firearms...

[pitor]

Originally Posted by milkmanjoe

There is NO WAY they can put out a higher quality firearm at a competitive price. Colt is bogged down in union wages and oncoming union scale pensions. Their overhead is too high a percentage of their earning potential. They pissed on the American consumer for years, relying on government contracts. When they lost the last contract their finances crumbled and American consumers turned to other firearms. Without government contracts Colt is a dead company. Read the forums, the basic take is F*ck Colt. The Native Americans will get contracts by who they are, not by a better product. Hell, it might pay to dump money on their stock until a week after they sign the first contract. Then sell the stock and buy some Springfield guns.

But didn't they move to FL to get rid of the union? Maybe I'm confusing them with another venture. I obviously don't know much about their current situation except that they are in deep economical doodoo. I don't understand why they wouldn't be able to put out a quality product if the money is there to do so. Seems the idea is to save the company. I picture it would be hard to do so if they come out of this dark period with a shitty product? Maybe the tribe will prop the company up for stock, then quickly sell it...