Got a source for the near bankrupt claim?
-- Drew |
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first one I saw
"Science is the belief in the ignorance of the experts" – Richard Feynman |
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quote from reuters
https://www.reuters.com/article/us-united-sporting-cos-bankruptcy/u-s-firearms-distributor-files-bankruptcy-as-gun-sales-fall-under-trump-idUSKCN1TB1YL But he said the Republican Trump’s unexpected win over Democrat Hillary Clinton was a factor in net sales falling to $557 million in 2018 from an average $885.3 million from 2012 to 2016, with an accompanying glut of inventory. "Science is the belief in the ignorance of the experts" – Richard Feynman |
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Well, two things
First: The bankruptcy filing by Remington Outdoor Inc., the company that makes the rifle used in the 2012 Sandy Hook Elementary School massacre, will force some of the victims’ families to seek approval from a bankruptcy judge to let their legal fight against the nation’s oldest gunmaker go forward. But I'm sure that's just a coincidence. So let's look at purely financial considerations: The National Shooting Sports Foundation shows that the gun industry overall saw an 81 percent increase in jobs between 2008 and 2016. Sure, that growth was because of fear someone was coming to take your guns. But 81% growth has to be recognized as a bubble. It's got to pop eventually. -- Drew |