Colt's business model

[Glenn E. Meyer]

http://www.businessweek.com/article...ers-owners-have-led-it-to-crisis-after-crisis

From Barnett who wrote that interesting book about Glock.

Reviews bad decision making for years and up to the present. How they missed the modern handgun market, pushed the smart gun and have one messed up set of personalities running the company.

 

[RickB]

And selling every gun they make!

 

[Tom Servo]

I have one little quibble with this:

Colt at the time was developing a pistol called the Z40, which had a microchip that allowed it to fire only after receiving a signal from a corresponding chip in a wristband worn by an authorized user.

The Z40 was actually a CZ clone (like the Springfield P9), not the "smart" gun. To the best of my knowledge, the smart gun never entered mainstream production.

Other than that, it was a good article. Barrett did a great job with the Glock book, and if he chose to do so, he could write quite a book about Colt.

 

[BarryLee]

Quite honestly the best thing that could happen to them would be another bankruptcy, reorganization and possibly accusation or merger with another successful firearms company. Could you imagine the prancing pony over a S&W logo.

 

[KyJim]

Nobody who has been even remotely interested in Colt's financial picture would be surprised by a bankruptcy. If the debt load is reduced to a more manageable level and the company has competent management, it will survive. It has to be worth more as a going concern than selling it off in bits and pieces.