![]() ![]() ![]() Even with 800,000 student activists protesting in Washington, D.C., and more across the country, they know meaning gun control isn't likely to pass. So even after a tragedy like the Parkland shooting, where 17 were killed, gun enthusiasts don't feel as at risk. Now that Republicans are in control and Trump is in the White House, that same fear doesn't exist. When Obama was president, nearly every mass shooting sparked a similar reaction - a run on the gun stores the former president often spoke out about gun control, including an assault weapons ban. That might seem counterintuitive, but it has been shown time and again that fear of gun control legislation spurs sales as gun enthusiasts buy up all the models they can before it's illegal to buy them. ![]() But in the first nine months since Trump took the election, Remington sales plummeted by 27.5 percent. Fear of gun control legislation likely would have spurred sales. The debt wouldn't have been such a big problem if Hillary Clinton had won the election. In Sunday's bankruptcy filings, it was shown the company had between $100 million and $500 million in debt - the same amount as all the company's assets. In order to buy out some of those investors, the company borrowed big time. That was good for profit, but after the Sandy Hook shooting, many investors decided to divest from the company. The new owners united the company with other big gun manufacturers, ultimately creating a huge conglomerate. It was bought by private equity firm Cerberus Capital Management in 2007. gun makers - founded in 1816 - with sales that reached $1.3 billion in 2013, but its corporate structure was complex. The official reasons cited were declining sales and a high debt load, but it might actually be the election of President Donald Trump that was the final nail in its coffin. After the March for Our Lives on Saturday, the nation was met by big news in the gun industry on Sunday when Remington filed for bankruptcy. ![]()
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