Words of Advice:

"Never Feel Sorry For Anyone Who Owns an Airplane."-- Tina Marie

"
If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

"
Flying the Airplane is More Important than Radioing Your Plight to a Person on the Ground
Who is Incapable of Understanding or Doing Anything About It.
" -- Unknown

"There seems to be almost no problem that Congress cannot,
by diligent efforts and careful legislative drafting, make ten times worse.
" -- Me

"What the hell is an `Aluminum Falcon'?" -- Emperor Palpatine

"Eck!" -- George the Cat

Tuesday, May 19, 2015

Colt's Getting Closer to the Drain

No surprise. The hedge fund pirates and the vulture capitalists have about finished their work.
Colt Defense LLC’s debt rating has been cut to the lowest level possible after the hand-gun maker skipped an interest payment and extended its deadline for creditors to approve either a debt exchange or a prepackaged bankruptcy.

1 comment:

Robert Fowler said...

IMO, Most of the blame can be laid at the feet of Colt its self. I always thought that when they quit manufacturing revolvers, they pretty much shit in their own nest. Government contracts are nice, but how many M4's and M16A2's is the government really going to buy?