GUN SALES UP but Remington Bankrupt?! - TGC News!

Published on June 29, 2020
Duration: 12:51

This video from TheGunCollective provides an expert overview of new firearm releases and industry financial news. It covers budget-friendly AR-15s from Voodoo Innovations, the accessory-laden Sig Sauer Tread Coil, and a custom S&W 627 V-Comp for competition. The report also touches on Smith & Wesson's strong financial performance and Remington's potential bankruptcy, offering insights from a seasoned commentator.

Quick Summary

TheGunCollective reports on rising gun sales while Remington faces potential bankruptcy. New releases include budget AR-15s from Voodoo Innovations and the accessory-laden Sig Sauer Tread Coil. Smith & Wesson shows strong financial growth, highlighting market demand.

Chapters

  1. 00:53Voodoo Innovations New Rifles
  2. 03:11Sig Sauer Tread Coil
  3. 05:02Smith & Wesson Financial Performance
  4. 06:13Remington Bankruptcy and Potential Sale
  5. 08:04Genevieve's Armory: Custom S&W 627

Frequently Asked Questions

What are the new budget AR-15 models from Voodoo Innovations?

Voodoo Innovations, a sub-brand of Adams Arms, is launching the Witch Doctor and Dark Moon AR-15 models. Both feature forged uppers and lowers, 16-inch barrels with a 1:7 twist, and M-LOK rails, with an MSRP of $749.99.

What makes the Sig Sauer Tread Coil a good value?

The Sig Sauer Tread Coil comes pre-equipped with several 'Tread' accessories, including a Magpul SL-K stock, Sig match-light trigger, and Romeo5 red dot optic. At $1,099.00, it offers significant value compared to purchasing these accessories separately.

How did Smith & Wesson perform financially in 2020?

Smith & Wesson reported strong fiscal year 2020 earnings, with fourth-quarter sales increasing by 33% to $233.6 million. Overall fiscal year earnings grew by 6.3% to $678.4 million, reflecting increased demand in the firearms industry.

What is the status of Remington Outdoor Company?

Remington Outdoor Company is reportedly preparing for its second Chapter 11 bankruptcy filing since 2018. Talks are ongoing regarding a potential sale to the Navajo Nation, following struggles with innovation and financial instability.

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