Cerberus to sell stake in Bushmaster

[McGyver]

Due to the tragedy in Connecticut......................


http://finance.yahoo.com/news/cerberus-sell-gunmaker-freedom-group-105405510.html

[MikeBjerum]

This is what happens when non-gun people own and operate gun companies.  They are not in it for the principle, the activity, the heritage, or the purpose.  They are only in it for the return on the dollar.  Get ready for step number two when they sign on to the gun ban and gun legislation as public relation move to shore up their return on other investments.

Did you see anywhere in the article that DPMS or Remington are on the block?  One a maker of ARs just like the Colt Bushmaster, and the other a major outlet for the DPMS and the Bushmaster under a different name.  I bet these weasels will play both sides as long as possible.  If they hang onto DPMS they will just replace the Bushmaster made AR15s with DPMS AR15s in the Remington lineup.

Am I rambling yet?  My blood pressure is so high my left eyeball fell out on the keyboard last night, and I ran out of Crown Sunday 

[tombogan03884]

Bullshit.
Freedom Group may be selling Bushmaster, but it is not because the nut job in Conn had one locked in his car when he shot those kids with 2 stolen pistols.

[McGyver]

Tom, I believe he had a 12g. in the car, the people were all shot with an AR according to the news reports.

[tombogan03884]

According to everything I've seen and heard he used a Sig and a Glock .

[Sponsor]

[tt11758]

The Chief Medical Examiner revealed at a press conference on Saturday that all of the wounds he saw were the result of rifle fire.

[McGyver]

http://news.yahoo.com/first-funerals-newtown-victims-schools-confront-tragedy-012536554.html


"Several Democratic lawmakers have called for a new push for U.S. gun restrictions, including a ban on assault weapons such as the Bushmaster AR-15 used by Lanza, who carried hundreds of rounds of ammunition in extra clips and shot all of his victims repeatedly, one of them 11 times. Lanza also shot dead his mother before driving to the school, and then killed himself to end the massacre with a death toll of 28."



I'll find more press releases in a minute. My google-fu is fading early today!

[MikeBjerum]

http://www.ctvnews.ca/world/newtown-mourns-dead-as-police-seek-clear-picture-of-shooting-1.1081970

Vance did not say what weapon Lanza used to kill his mother, but he did say the primary weapon used at the school was a high-powered Bushmaster AR-15. Lanza was also armed with two handguns, a Glock 10 mm and a Sig Sauer 9 mm, and had another shotgun in the car he had driven there.

Read more: http://www.ctvnews.ca/world/newtown-mourns-dead-as-police-seek-clear-picture-of-shooting-1.1081970#ixzz2FQC9s08y

I know others are flying up as I keep trying to post this, but more information is better than not enough when learning facts we repeat in public.

[McGyver]

The mother was shot four times in the head with a .22cal rifle.

[billt]

Cerberus is trying to get out before the ban. This is all about the dollars, nothing more. They are probably getting flooded with calls from concerned investors wanting to dump. Stock in Ruger, S&W, and others dropped 8% since the shooting. Suddenly these guns everyone wants, don't match the same desire for stock in the companies who make them. This isn't careful action. It's emotional reaction. Someone is going to get clipped. Emotional investors don't last.