Cerberus to sell stake in Bushmaster

[jaybet]

Interesting...with Cerberus, the Discovery Channel, Dick's....you start to see who is really a part of the gun industry or who is comitted, as opposed to who was just in it to make some quick bucks. Screw every one of them who take a step back.

[kmitch200]

PR damage control.  Which doesn't make it any less a pile of bullsh!t.
Maybe Bushy wasn't as big a profit driver as DPMS.   

And yes, investing is ALWAYS about turning a profit. There isn't any other reason to invest in something if you plan to live off of it someday.
Good intentions & heritage won't put gas in your car or food in the fridge.
Would I prefer to invest in gun companies rather than hippy flower shops? Yes.
If the hippies are turning higher profits at a higher rate though, a prudent investor puts some money on the horse that will win or place.   

[billt]

PR damage control.  Which doesn't make it any less a pile of bullsh!t.
Maybe Bushy wasn't as big a profit driver as DPMS.

DPMS technically speaking IS Bushmaster. The main reason the old Bushmaster plant in Windham, Maine was sold back to Richard Dyke, (who started both Bushmaster and more recently, Windham Weaponry in the same plant), was because Cerberus didn't need it anymore. They had consolidated production of both Bushmaster and DPMS at the DPMS plant. Also Remington AR-15's were manufactured there. They are nothing more than DPMS / Bushmaster rifles shipped in a green box with a Remington logo on it. This was all decided long before that kid pulled a trigger.

[Magnum]

Here's some more info......

http://www.thefirearmblog.com/blog/2012/12/18/breaking-news-cerberus-to-sell-freedom-group/

Reuters is reporting that Cerberus Capital Management will immediately begin selling The Freedom Group ...

U.S. private equity firm Cerberus Capital Management said on Tuesday it will immediately begin selling its investment in gunmaker Freedom Group in light of last week's school shooting in Connecticut.

Cerberus acquired Bushmaster in 2006 and later merged it with other gun companies to create Freedom Group, which reported net sales of $677.3 million for the nine months ending September 2012, up from $564.6 million in the same period a year ago.

Bushmaster is the manufacturer of the AR 15 rifle used by the shooter in the Newtown killings that claimed 27 lives, including 20 school children.

"We do not believe that Freedom Group or any single company or individual can prevent senseless violence or the illegal use or procurement of firearms and ammunition," Cerberus said in a statement.

...

The company has been wanting to sell its interests in The Freedom Group for some time now. Sales across the industry are very strong and they will remain strong for at least another 12 - 24 months.

Many gun owners have been uncomfortable with Cerberus Capital's ownership of such a large portion of the gun industry and will be relived to hear they are selling it.

Seems they wanted out for a while...

[Magoo541]

Sounds like a Fire sale to me, may be time to buy stock in Bushy... oops Freedom Group is privately held...


 

[Sponsor]

[MikeBjerum]

I wonder if Randy Luth still has some of his assets in a liquid form 

[alfsauve]

Just the first of this month S&W was selling for $10 a share.

Today it closed a $7.79.

I might suggest that this would be a good time to invest in some shares.   This current market in firearms related stock is just a knee jerk, politically-soiled reaction.  When profit numbers for this quarter come out, the prices will shoot back up.

Yes, I'm going to put my money where my mouth is.  I have an order in to buy 200 shares this week.



Disclaimer:   I am not a stock market analyst or an investment counselor.  Your millage may vary.

[tombogan03884]

Over the last 4 or 5 years S&W and Ruger, (I think they are the only publicly traded gun companies )
have been consistant money makers for their investors.
They have been 2 of the best performing stocks on the market.

[Swamp Yankee]

This is when we reply with our money. I hope no one will buy them as they have become insignifficant. There are plenty of companies that sell similar products  to buy from. The answer is to not buy from them period support the competition with your money odds are you will end up with a better product.
Mike Mc

[billt]

This is when we reply with our money. I hope no one will buy them as they have become insignifficant. There are plenty of companies that sell similar products  to buy from. The answer is to not buy from them period support the competition with your money odds are you will end up with a better product.
Mike Mc

Who exactly are you talking about??