SOURCEQuote:
Colt, the iconic American gunmaker, could be bankrupt within days.
The company, that has been making guns for 160 years, has been struggling financially and missed a $10.9 million interest payment on its debt in mid-May.
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SOURCEQuote:
Colt, the iconic American gunmaker, could be bankrupt within days.
The company, that has been making guns for 160 years, has been struggling financially and missed a $10.9 million interest payment on its debt in mid-May.
Colt has changed hands a number of times since 1836, and will probably continue to do so...All this does is drive up the perceived value of the millions of Colts that already exist...I probably should have held a tighter grip on a few I've owned, but I'm down to two, which I'm keeping...:arr:...Ben
Bad management eventually yields the same result, about the only difference is the time it takes to get there.
Very sad.