Bushmaster Firearms put up for sale after shooting

[Subyman]

http://www.reuters.com/article/2012/12/18/us-cerberus-freedomgroup-idUSBRE8BH08F20121218

The company whose AR-15 type Bushmaster rifle was used in the Newtown school massacre in Connecticut will be immediately put up for sale, its private equity owner Cerberus Capital Management LP said on Tuesday in response to investor concerns.

On the surface it seems like a knee jerk reaction to dumb investors, but I bet they are worried about potential new regulation coming in the future.

 

[Genx87]

Sounds like somebody could make a lot of money off a stupid decision. A ban wouldnt make it through the house of reps. And Obama isnt stupid enough to waste political capital on an issue the american public doesnt side with him on. It would be terry schiavo all over again.

In a month we will be talking about American idol or the fiscal cliff.

 

[techs]

Bushmaster is so tiny compared to Cerberus they figure taking a huge loss on it is worth the positive publicity.

 

[sactoking]

I don't remember where I saw it and don't vouch for its accuracy, but I thought I saw somewhere that CalSTRS (California State Teachers Retirement System) owned 6% of Bushmaster.

 

[Genx87]

I don't remember where I saw it and don't vouch for its accuracy, but I thought I saw somewhere that CalSTRS (California State Teachers Retirement System) owned 6% of Bushmaster.

They do

 

[OutHouse]

Redjacket and RockRiver are like Ummm ok, guess we need to ramp up production.

 

[Hugo Drax]

I am not surprised. hedge funds are dumping positions in gun companies. This last shooting impacted the children of the 1%. So now its going to be war. This event was too close at home. So I am not surprised.

I would not be surprised if the 2nd amendment really gets nailed ie: massive gun bans etc..'

This is the equivalent of Kristallnacht for the 2nd amendment. There is going to be a final solution to the gun problem.

 

[xj0hnx]

I am not surprised. hedge funds are dumping positions in gun companies. This last shooting impacted the children of the 1%. So now its going to be war. This event was too close at home. So I am not surprised.

I would not be surprised if the 2nd amendment really gets nailed ie: massive gun bans etc..'

This is the equivalent of Kristallnacht for the 2nd amendment. There is going to be a final solution to the gun problem.

Nothing significant will come of it. IF some type of ban goes through, which chances are it won't, but IF it does, it will be some superficial, feel good bullshit, that doesn't address any actual problem, it will grandfather in the millions of items that already exist, and that's about it. Bushmaster isn't really an exciting company, aside from the BA50 and ARC all their firearms are just a variant on a single design. Nothing like Colt, or Remington that actually have a catalog that's worth looking at.

If anything it's going t be a call to the mental health world. From what I have seen, aside from the ever fervent, foaming at the mouth anti-gun, progressive leftist, the fact that the kid had mental issues is actually beginning to have some bite. Maybe people will finally get it that guns aren't the problem, crazy people are.

 

[schneiderguy]

They're selling the entire Freedom Group - so that includes Remington, Marlin, and whoever else they have gobbled up in the last few years. Most of the product lines of those companies would not be affected by any new legislation. Remington sells ten times more shotguns every year than Bushmaster sells AR-15s, so product lines that would be affected are a very small portion of total revenue.

Most likely they were looking to dump the companies anyway, and are just using this as an excuse.

 

[schneiderguy]

I am not surprised. hedge funds are dumping positions in gun companies. This last shooting impacted the children of the 1%. So now its going to be war. This event was too close at home. So I am not surprised.

I would not be surprised if the 2nd amendment really gets nailed ie: massive gun bans etc..'

This is the equivalent of Kristallnacht for the 2nd amendment. There is going to be a final solution to the gun problem.

There's not going to be massive gun bans.

Gun sales were at an all time high before the shooting, and will probably go even higher with the talk of gun legislation.

If people are de-investing in gun companies it's an emotional knee-jerk response, not because they think they will lose money on them.

 

[WhipperSnapper]

Wouldn't the fact that the gun succeeded in doing what it was meant to do--shoot and hit targets--effectively serve as an advertisement for Bushmaster rifles?

 

[SheHateMe]

Wouldn't the fact that the gun succeeded in doing what it was meant to do--shoot and hit targets--effectively serve as an advertisement for Bushmaster rifles?

:hmm:.

 

[Triumph]

Wouldn't the fact that the gun succeeded in doing what it was meant to do--shoot and hit targets--effectively serve as an advertisement for Bushmaster rifles?

Too soon man. Too soon. And this is coming from someone with a heart as black as coal.

 

[blankslate]

Looks like an investment opportunity for Spidey...

Haven't seen him post lately... probably busy planning on how to show everyone how a massacre is supposed to happen.

 

[Balt]

Wouldn't the fact that the gun succeeded in doing what it was meant to do--shoot and hit targets--effectively serve as an advertisement for Bushmaster rifles?

I don't think you'll see Bushmaster trying to reinforce that connection, no.

 

[Geosurface]

It's really sad and stupid that some jackass can have so much impact.

Unfortunately due to the way reality is, we can't avoid a random crazy taking down a couple dozen people before he's stopped... but what we do have control over is all this knee jerk bullshit we're engaging in now.

Companies going up for sale? Legislation being discussed? Bazillions of stories published, man hours spent, TV time taken up... none of it is necessary or helpful in any way.

What benefit, for instance, does all this morbid fixation on pictures of the deceased or their relatives in agony have?

It's just assumed that the random person who pours over all of these stories and images is somehow doing something positive? How so? I find it weird and creepy.

Someone tell me what positive thing comes from looking at pictures of dead 6 year olds. Or inserting yourself vicariously into the grieving process of their families and friends by reading up on it all?

We live in a sick society, Lanza himself represents one manifestation of it, and the media covering it and the people eating up their coverage represent another.

 

[lotus503]

Nothing significant will come of it. IF some type of ban goes through, which chances are it won't, but IF it does, it will be some superficial, feel good bullshit, that doesn't address any actual problem, it will grandfather in the millions of items that already exist, and that's about it. Bushmaster isn't really an exciting company, aside from the BA50 and ARC all their firearms are just a variant on a single design. Nothing like Colt, or Remington that actually have a catalog that's worth looking at.

If anything it's going t be a call to the mental health world. From what I have seen, aside from the ever fervent, foaming at the mouth anti-gun, progressive leftist, the fact that the kid had mental issues is actually beginning to have some bite. Maybe people will finally get it that guns aren't the problem, crazy people are.

Crazy people with access to guns are the problem.

 

[lotus503]

It's really sad and stupid that some jackass can have so much impact.

Unfortunately due to the way reality is, we can't avoid a random crazy taking down a couple dozen people before he's stopped... but what we do have control over is all this knee jerk bullshit we're engaging in now.

Companies going up for sale? Legislation being discussed? Bazillions of stories published, man hours spent, TV time taken up... none of it is necessary or helpful in any way.

What benefit, for instance, does all this morbid fixation on pictures of the deceased or their relatives in agony have?

It's just assumed that the random person who pours over all of these stories and images is somehow doing something positive? How so? I find it weird and creepy.

Someone tell me what positive thing comes from looking at pictures of dead 6 year olds. Or inserting yourself vicariously into the grieving process of their families and friends by reading up on it all?

We live in a sick society, Lanza himself represents one manifestation of it, and the media covering it and the people eating up their coverage represent another.

I'll remember that next time I read one of your Martin posts, complete with original cartoons, and countless hours invested across multiple forums and other mediums.

I do agree we live in a sick society but excluding yourself is comical.

 

[xj0hnx]

Crazy people with access to guns are the problem.

Nope. It ends at the "crazy people". If there were no guns it would be knives, pipe bombs, chemical bombs, cars, etc... The problem isn't the tool that millions of people own, and handle all day every day just fine without any incident whatsoever.

 

[lotus503]

Nope. It ends at the "crazy people". If there were no guns it would be knives, pipe bombs, chemical bombs, cars, etc... The problem isn't the tool that millions of people own, and handle all day every day just fine without any incident whatsoever.

I disagree it wouldn't be all those other weapons. It's easy access to rapid killing machines. It's the act of pointing shooting and the fear.

If you look into the psychological commonalities with rampage killers you would understand knives are too close, bombs too impersonal, cars impractical for the desired effect.

Nope it's about these assholes being able to get guns and ammo with ease.

Not saying gun bans are the answer But the tool is preferred for a reason.

 

[xj0hnx]

I disagree it wouldn't be all those other weapons. It's easy access to rapid killing machines. It's the act of pointing shooting and the fear.

If you look into the psychological commonalities with rampage killers you would understand knives are too close, bombs too impersonal, cars impractical for the desired effect.

Nope it's about these assholes being able to get guns and ammo with ease.

Not saying gun bans are the answer But the tool is preferred for a reason.

The tool is irrelevant, once you and the rest of the anti-gun progressives get past your aversion to a tool, you can get on board with helping to solve the actual problem.

 

[trenchfoot]

The tool is irrelevant, once you and the rest of the anti-gun progressives get past your aversion to a tool, you can get on board with helping to solve the actual problem.

Which is....what? Sounds interesting. Please explain, if you will.

 

[Venix]

I don't remember where I saw it and don't vouch for its accuracy, but I thought I saw somewhere that CalSTRS (California State Teachers Retirement System) owned 6% of Bushmaster.

I don't know about the percentage, but CalSTRS is the investor that's bullying Cerberus into selling Freedom Group. Selling seems like a bad financial move, but probably not as bad as losing CalSTRS's business.

 

[dmens]

Shrubmaster guns are crap anyways, who gives a shit. Every gun company run by Cerberus sucks balls.

 

[Lemon law]

Exactly the current problem, as soon as American legislators talk about banning assault rifles, a few American companies may sell off their investments in Bushmaster. Only one of the makers of civilian versions of AR-15 military assault rifles, while a vaster American civilian market will flock to and buy other assault rifles and ammunition before before any Federal ban takes place. As hurry hurry all ye gun nuts, rush to buy up even more Assault rifles before its too late.

But even then, maybe we can trust the legitimate American gun owners, but when they leave their homes, burglars will proceed to steal their gun collections, and then resell them to anyone regardless of how nutty they are for cheap cheap cheap as our American criminals and total nutcases can become armed with high quality firearms.