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-   -   Cerberus sells Bushmaster after CT massacre (http://www.firearmstalk.com/forums/f97/cerberus-sells-bushmaster-after-ct-massacre-78813/)

7point62 12-18-2012 09:56 PM

Cerberus sells Bushmaster after CT massacre
 
http://dealbook.nytimes.com/2012/12/18/cerberus-to-sell-gunmaker-freedom-group/

fmj 12-18-2012 10:52 PM

this seems stupid and short sighted considering FIREARMS manufacturers are the only business thats booming in the U.S. right now.

partdeux 12-18-2012 11:17 PM

Quote:

Originally Posted by fmj (Post 1056976)
this seems stupid and short sighted considering FIREARMS manufacturers are the only business thats booming in the U.S. right now.

Sell when sales and profits are high... sounds like a great business decision.

nitestalker 12-18-2012 11:28 PM

They only had a 2.4 % share in Bushmaster. Did I read this correctly? Or was that what the Teachers Union had:confused: invested?

locutus 12-19-2012 03:27 AM

Quote:

Originally Posted by nitestalker (Post 1057017)
they only had a 2.4 % share in bushmaster. Did i read this correctly? Or was that what the teachers union had:confused: Invested?

national educastion association strikes again!

gunsmoke11 12-19-2012 04:23 AM

Yeah, you can really respect those school teachers in Kolifornia. Not long ago I saw video of them demonstrating with the American Communist Party among them and one of them dropped their flag and it was picked up by a teacher who waived it around zealously. What's left to say? Cerberus is making themselves look like money grubbing scared fools and are giving in to blackmail. I'd buy Bushmaster in a NY minute. The good thing is the school teachers will lose money on the deal.

nitestalker 12-19-2012 05:09 AM

The Liberals will be into something else in time. ABC News just did a report on the millions of new gun owners. People who never owned firearms are buying guns of all types. These outfits like Dicks, CTD Etc. and a few DA politicans are going to be damn sorry. Gun owners and NRA members never forget. We will be waiting for you guys down on the corner.:eek:

Daoust_Nat 12-20-2012 01:05 AM

This is getting nasty. Sturm Ruger stock is down $15 in about a week from $45 to $30 and Smith & Wesson is also down. At this point if will be interesting to see how much of a bath the hedge fund is willing to take to sell.

Like the pressure being put on Dick's and CTD, this is getting to be a rock rolling downhill. A buisiness rarely makes that kind of a decision, particulary on something that is selling strongly, without some kind of immense pressure from somewhere. A CEO could jeopardize his job by making this kind of decision without considering consequences. This had to be investor driven also.

Companies losing 1/3 of their value in a week will shake up investors and lenders, and potentially threaten the amount of cash that the company has to do business with. If this continues, Sturm Ruger could have some drastic decisions and actions to take.

nitestalker 12-20-2012 01:55 AM

Now is the time to buy S&W and Ruger stocks. One or two days down in a strong market is an open door. NRA Membership is growing by 8,000 per day and the Gallop Polls out today show Americans not in favor of more gun control. Firearms sales are breaking all records.:)

Back in the 1960s the big gun dealers were Sears, JCP, Kliens and wards. They bailed after the JFK murder. Have you ever missed them? No we got Midway, Cabelas, Midsouth etc. much more shooter friendly.

Don't throw your rifle down and run this is not the French Army.:D

bluez 12-20-2012 01:57 AM

Let the Kalifornia teachers Union lose money... its not like it couldnt happen to nicer people... :rolleyes:


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