Bushmaster

[RD-G23]

Does anybody know why Bushmaster would shut down and sell the company

 

[gunnerbob]

Too much confusion with the porn star...? IDK...

 

[rehalfacre]

The parent company that owns Bushmaster is doing it.

 

[EasyBakeGunClub]

They aren't closing down, they are selling off the assets.

It's parent company's parent company is Cerberus. They have had plenty of bad press in the past and are just bailing early.

Seems a little shocking because of the boom in firearms but these are very politically connected people (part of the reason they draw bad press). Maybe they knew about Obamas plan (Link Removed) and thought better to show they were backing away first.

 

[kelcarry]

Contrary to the socialist/fascist country the piece of garbage envisions, capitalism is still alive and well. You follow the money and find the reason for a company being sold. It always comes down to profit and loss and whether your money can be invested elsewhere for a better return.

 

[mappow]

Too much confusion with the porn star...? IDK...

God Lov it, a bright star in the dark clouds of life!

 

[gunnerbob]

God Lov it, a bright star in the dark clouds of life!

Ahhthank you....:thank_you2:

 

[RD-G23]

here 's what i found so far

Bushmaster became part of the Freedom Group, owned by Cerberus Capital Management, when owner Richard E. Dyke, who had purchased the company in 1978, sold the company to Cerberus in April, 2006. [2] On December 18, 2012, following the Sandy Hook Elementary School shooting, Cerberus announced that it will sell Bushmaster in order to protect the interests of its clients. [3]

 

[JustinbF]

They are not closing down or selling. The investment company that owns the dozen or so companies that the freedom group is made up of is selling.

 

[UATKP]

Kalifornia teacher's retirement funds are invested in Cerebus. Teachers squawked. That is why they are selling off the group that holds Bushmaster. (in a nutshell)

 

[RD-G23]

maybe those teachers need to go here


OPSGEAR is looking for a big facility in Utah to host a large group of 500 - 1000 teachers who want FREE CCW & dynamics of a violent confrontation training on Dec. 28th from 4 - 9 PM. Please let us know of any place that would donate to the cause ASAP! We're working with the Utah Shooting Sports Council. Email [email protected]

 

[rehalfacre]

If Nobama gets his way all these companies will either shut down or build other products. We have high unemployment and this will add to it except those that have military contracts.

Who's going to bail them out? Cars kill 50K+ a year. Try to ban them and see what happens.

 

[2Awarrior]

Too much confusion with the porn star...? IDK...

YES!! Porn has always been the bright star in my.........umm.......
(oops......what forum is this...?)

 

[kelcarry]

Kalifornia teacher's retirement funds are invested in Cerebus. Teachers squawked. That is why they are selling off the group that holds Bushmaster. (in a nutshell)

Wrong. The funds represent a LOT OF MONEY. If this were you and your investment in Cerebus do you really think they would care? It happens to be a large retirement fund and since we are talking teachers the link becomes obvious, as if selling off their investment will stop anything. Hyprocrisy is alive and well--wouldn't it be interesting to find out how much money this retirement fund has in say Budweiser or some alcohol-related business, which is the cause of many more deaths by probably a factor of a 1000 ( accidents and health related problems) than gun violence.