but it seems that Unions and high labor cost started the downhill slide.
Most unfair to blame labor for what was bad management.
I was squadded next to a guy who was offered the job of running Colt Manufacturing.
He went to Colt. Colt had old outdated machines and obsolete production lines. He claimed the entire problem with Colt was with the owner. The owner was sucking out the profits and not investing in the company.
Colt has a real problem now that their M4 monopoly has ended. They neglected the commercial market as they had all the right connections to keep the military contracts for decades. These contracts were very profitable.
It was a big surprise to them when FN under bid them on M16's. FN has won every military contract they were allowed to bid on. The Army decided to grant Colt a monopoly on the M4 production (politics) but that ended.
Bushmaster broke the Colt monopoly on civilian AR15's by winning a court case.
People will buy Colt SAA's just for the name, but Cowboy Action Shooting will fade when something new and shiney changes the public mood.
I have read that the new Colt M1911's have improved, and that market is still good, but there are a lot of players in the M1911 market.
Colt has the name, but they have also cheapened it by selling the name for use on non firearm products. Like knives. Some really awful knives are Colt branded.
Some people will buy anything with the Colt name, don't know if that is enough to keep Colt afloat.
I really thought they were stupid to walk away from the D frame revolvers. Detective Specials were the best in its class at the time.
Now the most popular handguns at the range are 9mm and 40 S&W's.
What does Colt have to offer those guys?