SportCo Holdings Files Bankruptcy

[alamo5000]

Does anyone know anything about this company and which brands it owns or whatever?


"The top ten major unsecured creditors in the SportCo filing are (from #1 to #10) : Vista Outdoors ($3,299,326.61), Sturm Ruger ($3,196.842.10), Magpul Industries ($2,078,353.17), Savage Arms Rifles ($1,927,392.50), Bushnell Corp. ($1,879,795.66), Navico Company ($1,743,684.04), Henry RAC Holding Corp. ($1,467,618.00), Smith & Wesson Corp. ($1,386, 714.26), Garmin USA, Inc. ($1,150,579.41), and Fiocchi of America ($1,096, 632.70)."

https://www.thetacticalwire.com/features/ce9ea599-1dbb-470e-ae2d-8b3784a1c6b0

[alamo5000]

"The company cited management’s impression that Hillary Clinton would win the White House in 2016 and it’s subsequent speculation into guns and ammunition based on that mistaken presumption as one major factor in their failure. Rather than booming sales and healthy margins, they were caught with inventory no one wanted."

[UWone77]

The lack of a huge gun/ammo run leading up to the 2016 election should have clued people in that it wasn't going to be like Sandy Hook again.

[FortTom]

"The company cited management’s impression that Hillary Clinton would win the White House in 2016 and it’s subsequent speculation into guns and ammunition based on that mistaken presumption as one major factor in their failure. Rather than booming sales and healthy margins, they were caught with inventory no one wanted."

Hillary, the most crooked above the law bitch, wins again with lies, lies and damned lies.[:D]

[alamo5000]

The lack of a huge gun/ammo run leading up to the 2016 election should have clued people in that it wasn't going to be like Sandy Hook again.

Were these guys a distributor or do they have any reach into retail or... how does that actually operate in this particular case... if you know...

That said it was an absolutely stupid call to roll the dice on a single election.

[alamo5000]

Hillary, the most crooked above the law bitch, wins again with lies, lies and damned lies.[:D]

She lies like a rug but I have to say I am sorely disappointed with Trump's firearms talk. At best he's somewhere in between a Democrat and a Fudd when it comes to firearms.

[fledge]

Even more interesting is that the article says HK is in trouble.

[alamo5000]

Even more interesting is that the article says HK is in trouble.

Yep. That too.

[UWone77]

Were these guys a distributor or do they have any reach into retail or... how does that actually operate in this particular case... if you know...

That said it was an absolutely stupid call to roll the dice on a single election.

There is a SportCo near me. They are a big retailer. Decent prices, so not the full on Cabelas Rape prices. Not surprised people leveraged themselves heavily before the election, hoping to pillage poor unprepared gunowners. You can bet they weren't going to offer $9 PMAGs if Hillary won.


Even more interesting is that the article says HK is in trouble.

I've been hearing HK is in trouble for years. Nothing so far has been solid. I'll believe it when I see the court documents.

[alamo5000]

There is a SportCo near me. They are a big retailer. Decent prices, so not the full on Cabelas Rape prices. Not surprised people leveraged themselves heavily before the election, hoping to pillage poor unprepared gunowners. You can bet they weren't going to offer $9 PMAGs if Hillary won.

A guy that is local to me, all the brothers own various businesses including a pretty fair size gun shop...so they had the means to do it when the opportunity arose, but they went super long into ammo and other things when Obama took office. They signed lots and lots of contracts to buy tons of ammo.

The one brother that was in charge of the gun shop became very wealthy by locking in pre Obama procurement but charging post Obama prices.

The guy is kind of an asshole but he made his money for sure.