Olympic is a local company to me, and the shop I go to knows a couple of people who have worked there for years, so I feel I can shed a little light on what bkt touched on.
Olympic went through a period where tolerances were "subjective", shall we say, in direct relation to the amount of rifles that were needed to meet quotas.
As such, quality suffered and as a by product, customer service went straight to hell. To make matters worse Olympic tried to "spin" the events and take to the media with excuses that were immediately lambasted by those in the know.
Olympic has never really embraced the Internet, in aspects of joining forums and discussing issues. I have personally contacted them on behalf of this forum to help get their current state of production, which has greatly improved, out to the masses and was politely told that Olympic will no longer "be burned" by any media outlet, especially the Internet.
Olympic cleaned house a few years back, probably 10 or more, and really made some changes for the positive. The folks that worked there on the machines got parts replaced that were needed and new machines were brought in, including some CNC stuff.
These days Olympic is putting out a good product for the money. It's not cutting edge, but neither is the price tag. It's a good, stable product that is cross compatible with every platform that isn't the large pin Colt.
People that still poo-poo them have probably been bitten, or know someone who was allegedly done wrong, so they think Olympic is a sub-standard product, which it isn't.
When you get those responses, I would ask them when was the last time they shot, held or "heard the tale of woe" that is Olympic. That will tell you a lot about the person with the grudge.
Today's Olympic is a good quality piece for the money. It's not a Ferrari, but it's not the AMC Pacer either.