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The Range
Law & Order
FREEDOM GROUP being sold now... (Bushmaster, Remington, Marlin, etc...)
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<blockquote data-quote="Billybob" data-source="post: 2022691" data-attributes="member: 1294"><p>[Cerberus filed papers in 2009 to take Freedom Group public, but it withdrew the bid in 2011 without saying why. A Cerberus spokesman declined to comment Tuesday beyond the company's statement.</p><p></p><p>Freedom Group has lost money in four of the last five years, according to financial filings on its website. Revenue in 2011 was $775 million, down from $848.7 million in 2009. Slightly more than half of its 2011 revenue came from guns, much of the rest from ammunition....</p><p></p><p>Shares in publicly traded gun makers declined for a third-straight day.</p><p></p><p>Shares of Sturm, Ruger & Co. dropped 7.7 percent to close at $40.60. They have fallen almost 11 percent since Thursday, the day before the shooting. Shares of Smith & Wesson Holding Corp. fell 10 percent to $7.79 down almost 15 percent from their Thursday close.</p><p></p><p>Outdoor goods retailer Cabela's Inc. fell almost 6 percent to close at $38.77....]</p><p></p><p><a href="http://news.yahoo.com/investors-turn-against-gun-makers-massacre-231352965--finance.html;_ylt=AnYiP3VILJs2Wl2HJQQDotKs0NUE;_ylu=X3oDMTNuNzBjMGkyBG1pdAMEcGtnA2I1M2MwOTY5LTQ2NTctM2FiMC1iYmRiLWFjNTAyMmE3MzM0YQRwb3MDNARzZWMDbG5fQXNzb2NpYXRlZFByZXNzX2dhbAR2ZXIDZjBmMDQxMDEtNDk3My0xMWUyLWJiN2UtZTIxOTE2YmUxYzZl;_ylv=3" target="_blank">http://news.yahoo.com/investors-turn-against-gun-makers-massacre-231352965--finance.html;_ylt=AnYiP3VILJs2Wl2HJQQDotKs0NUE;_ylu=X3oDMTNuNzBjMGkyBG1pdAMEcGtnA2I1M2MwOTY5LTQ2NTctM2FiMC1iYmRiLWFjNTAyMmE3MzM0YQRwb3MDNARzZWMDbG5fQXNzb2NpYXRlZFByZXNzX2dhbAR2ZXIDZjBmMDQxMDEtNDk3My0xMWUyLWJiN2UtZTIxOTE2YmUxYzZl;_ylv=3</a></p></blockquote><p></p>
[QUOTE="Billybob, post: 2022691, member: 1294"] [Cerberus filed papers in 2009 to take Freedom Group public, but it withdrew the bid in 2011 without saying why. A Cerberus spokesman declined to comment Tuesday beyond the company's statement. Freedom Group has lost money in four of the last five years, according to financial filings on its website. Revenue in 2011 was $775 million, down from $848.7 million in 2009. Slightly more than half of its 2011 revenue came from guns, much of the rest from ammunition.... Shares in publicly traded gun makers declined for a third-straight day. Shares of Sturm, Ruger & Co. dropped 7.7 percent to close at $40.60. They have fallen almost 11 percent since Thursday, the day before the shooting. Shares of Smith & Wesson Holding Corp. fell 10 percent to $7.79 down almost 15 percent from their Thursday close. Outdoor goods retailer Cabela's Inc. fell almost 6 percent to close at $38.77....] [url]http://news.yahoo.com/investors-turn-against-gun-makers-massacre-231352965--finance.html;_ylt=AnYiP3VILJs2Wl2HJQQDotKs0NUE;_ylu=X3oDMTNuNzBjMGkyBG1pdAMEcGtnA2I1M2MwOTY5LTQ2NTctM2FiMC1iYmRiLWFjNTAyMmE3MzM0YQRwb3MDNARzZWMDbG5fQXNzb2NpYXRlZFByZXNzX2dhbAR2ZXIDZjBmMDQxMDEtNDk3My0xMWUyLWJiN2UtZTIxOTE2YmUxYzZl;_ylv=3[/url] [/QUOTE]
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