The Accurate Reloading Forums THE ACCURATE RELOADING.COM FORUMS Rifles Big Bores Dakota Arms to be Auctioned Off WednesdayGo | New | Find | Notify | Tools | Reply | |
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Didn't know things were that bad. Apparently Dakota's assets will be auctioned off Wednesday, Feb 21. What do you guys think- is it a reason not to buy a Dakota? No service available for warranties, but they may shoot up in price as Winchester Mdl 70s did? ______________________________ "Are you gonna pull them pistols,...or whistle Dixie??" Josie Wales 1866 | ||
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404 Where did you hear this? I haven't seen anything on it. Last I heard they filed for Chapter 11 - which is a reorganization not a liquidation. A liquidation would be under Chapter 7. While theoretically possible, I have never heard of an aution of the assets of a company under chapter 11. SCI Life Member DSC Life Member | |||
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Dakotas will not 'shoot up', since they are already overpriced for what they are.  George  | |||
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The entire company is being auctioned off, but this is a common trick of shady financial people. The current owners of Dakota will try to buy it at auction themselves for a low price while they avoid paying off their debts. | |||
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we read it here before that Dakota was liquidating when it was just a Chapter 11 filing....but the date seems interesting..... Further the date is near.....not right at all.....there should be lots of notice.....I doubt this claim of auction /////////////////////////////////////////////////////////////////////////// "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." Winston Churchill | |||
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this would be a classic example of "...penny wise and dollar foolish...". Even if they manage to cheat their current creditors, guess who they will be trying to get raw materials from. Dakota is dead, imho, as long as the current collection or morons and cheats are running it. Rich DRSS | |||
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I just received their latest magazine. Absolutely no mention of this in there. What is your source for this information. | |||
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______________________________ "Truth is the daughter of time." Francis Bacon | |||
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Thanks for the details Forest I was told of the auction by two firearms people in South Dakota today--it was quite a surprise. One guy planned on buying some of their machinery. Interesting if there is anyone out there who will try to buy it and keep it going, or whether they will buy it and part it out. I was also told that those who had paid deposits on future rifles are now SOL. ______________________________ "Are you gonna pull them pistols,...or whistle Dixie??" Josie Wales 1866 | |||
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I believe I read where deposits were to be held in an escrow account ???? Jim "Bwana Umfundi" NRA | |||
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Years ago, probably way before the current owners had it, a friend bought his first center fire rifle. His first rifle of choice a 416 Rigby from Dakota Arms. He felt that the 416 would be a good all around rifle. He used it on everything he hunted. $5 a pop, I think is what he paid for factory ammo. I liked the rifle a lot. But considered it not an ideal deer or coyote rifle. It did work OK though. "There ain't many troubles that a man can't fix with seven hundred dollars and a 30-06." Lindy Wisdom | |||
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Hello Smith & Wesson....  Member NRA, SCI- Life #358 28+ years now! DRSS, double owner-shooter since 1983, O/U .30-06 Browning Continental set. | |||
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This is too bad. Don Allen was a very nice man and really tried to do the right thing. With his passing, the company really nose dived. His wife was in charge and she had the disposition of a Puff Adder and customer service went into the shitter. The company then spent money on making a SXS shotgun for an extremely high price???? WHY??? You cannot compete with the Spanish makers that do a great job for a fair price. It would appear that they had very bad business advice. I felt that they made a decent rifle and they should have kept doing exactly what they did in the beginning and hired an expert in customer service. | |||
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For a hi-dollar firearms company the customer service dept had better bend over a lot..... That said the shotgun probably wasn't the undoing of Dakota.....we've read far too many storys here! /////////////////////////////////////////////////////////////////////////// "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." Winston Churchill | |||
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The real shame here is that the owners and executives who took control early this decade managed to take a few other good companies down with them. They first bought Nesika Bay, and decided to move the operation from Washington State to North Dakota. Why this made any sense when they had Dakota actions with a good reputation is beyong me. I don't believe that acquisition was integrated very well. Then they had to build a new manufacturung plant. They bought Miller Arms. Can't understand that one either. Hired the former President of Ithaca shotguns to come out with a new Dakota side by side shotgun. We can be kind and call that bad timing in light of Kimber's, Ruger's and others getting into that market. Then they bought Dan Walter cases. I don't imagine you can use the same machines to build cases as you do to build rifles. Oh, and they started a safari outfitter operation to boot. Integrating acquired operations is one of the most difficult tihngs in business. Very few people are good at it - so I guess Dakota was in the majority here. Now, someone has convinced the bankruptcy judge that there is no way they can reorganize despite the benefits of a bankruptcy filing, because an auction is indeed the nuclear option. In 5 years, these guys have managed to put Dakota, Nesika Bay, Miller Arms and Dan Walter out of business. Who knows, maybe FN will buy the rights to the names and increase their Asian production. SCI Life Member DSC Life Member | |||
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Can anyone inform me of the current fycical situation on Dakota Arms Current production Staff , both sale, but more interesting the staff of skilled craftsmen(mail and feemail) Mashinery and so on Might be crazy enough to try to bring them back to life again, as done with Schultz & Larsen. If they can be aquired intact, and at a resonably price | |||
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Wasnt there a fellow, "swamp" maybe? that was the Dakota champion. Going to sue anyone who made a bad word about them ect. Maybe he'll buy them! | |||
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Maybe we'll get lucky and Cyle Miller, who went to work for them as part of the deal when they bought Dean Miller out will get the Miller Arms two designs back and put them back in production. Rich DRSS | |||
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Who will build the Nesika actions, now? The only easy day is yesterday! | |||
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let's hope the old Nesika guys will buy the build rights back and get rolling again. Rich DRSS | |||
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Killer Whale, Killer CEO (Chief Extinguishing Offender, "Piss on it."):  A CEO with ORCA (Occupational-Recreational Confusion Affliction) can have a whale of a good time for a short while.  | |||
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Right now what Dakota needs is an investor that can afford to go the long haul for a small return of 1% of gross annual sales and hold true to that for at least 5 years. Anybody with the discipline to keep thier greedy little mitts out of the cash will build a strong Dakota Arms. Near as I could tell the work force is still very committed. Machines can be replaced. A skilled and fully trained work force and a name is what any investor should really be looking at, the old timer core of that workforce is still there and more than willing to produce. If Dakota was to sell off all of the distractions like Nesika and Miller. They could focus all of thier time money and energy doing what they should be doing and that is building the 76 and the 10. Would anybody miss the Dakota the quarterly magazine, I'd cut that out of the program so fast. It's a huge waste of funds, I won't say how much but it's enough to buy a lot of wood and a lot of steel and a lot of carbide endmills. Yes, it's a sales tool, I understand that, but when you've got 300 rifles to build for customers that have paid deposits and you are broke, you need something you can make a rifle with, not something you can sell a rifle with. It's damn tough to cut steel and wood with a truckload magazines that were free. Good god, its no wonder, and it's not rocket science either, not that rocket science is any big deal anymore. Timan | |||
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They could be making money on the Magazine. It is full of ads from gun makers so depending on how much they charge for an add, it could be a break even segment...just a thought. I for one hope Dakota comes out of this. I know many feel that their rifles are a bit over priced (myself included), I feel they offered a lot to the semi custom market. I own 2 dakota rifles and am very happy with both of them. I simply hate to see another US gun company go under...not a good thing! ****************************************************************** R. Lee Ermey: "The deadliest weapon in the world is a Marine and his rifle." ****************************************************************** We're going to be "gifted" with a health care plan we are forced to purchase and fined if we don't, Which purportedly covers at least ten million more people, without adding a single new doctor, but provides for 16,000 new IRS agents, written by a committee whose chairman says he doesn't understand it, passed by a Congress that didn't read it but exempted themselves from it, and signed by a President, with funding administered by a treasury chief who didn't pay his taxes, for which we'll be taxed for four years before any benefits take effect, by a government which has already bankrupted Social Security and Medicare, all to be overseen by a surgeon general who is obese, and financed by a country that's broke!!!!! 'What the hell could possibly go wrong?' | |||
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check it out. Lardass has a muzzle brake on his rifle. Rich DRSS | |||
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Here's the word I got:
FWIW /////////////////////////////////////////////////////////////////////////// "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." Winston Churchill | |||
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That's what I have heard also. They want an awful lot of money for the name Dakota Arms and nothing else. | |||
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they are history. just like paul roberts ruined rigby and had to sell it these guys will spin it off and keep on trucking. if they owed you money would you wait for years to be paid back ? if ever ? their overpriced products couldn't pull them through. so another name bites the dust. shades of winchester , ithaca, etc. TOMO577 DOUBLE RIFLE SHOOTERS SOCIETY | |||
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That is the most outrageous lie I've read on AR in a long time. Paul did very well with Rigby. He sold it because they threw so much money at him he couldn't say no. The morons in California are the ones that trashed it. They've done nothing but build junk and trade on the name. Their guns are so well thought of that they're generically referred to as "Mexican Rigbys". ------------------------------------------------ "Serious rifles have two barrels, everything else just burns gunpowder." | |||
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Tomo577, Nothing, could be futher from the truth! Rusty We Band of Brothers! DRSS, NRA & SCI Life Member "I am rejoiced at my fate. Do not be uneasy about me, for I am with my friends." ----- David Crockett in his last letter (to his children), January 9th, 1836 "I will never forsake Texas and her cause. I am her son." ----- Jose Antonio Navarro, from Mexican Prison in 1841 "for I have sworn upon the altar of god eternal hostility against every form of tyranny over the mind of man." Thomas Jefferson Declaration of Arbroath April 6, 1320-“. . .It is not for glory, nor riches, nor honours that we are fighting, but for freedom - for that alone, which no honest man gives up but with life itself.” | |||
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Tomo577 hasn't exactly been one of our more stellar posters! /////////////////////////////////////////////////////////////////////////// "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." Winston Churchill | |||
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And now for somthing completely different. Mr. Johnson could you please stand up. (cannon report) KABOOM!!!!!!!! Mr. Johnson is dissintegrated by an artillary shell. Thank you Mr. Johnson and know for something completely different. | |||
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Terribly sorry. Hope he'll be alright. Now for the twit of the year contest. | |||
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Alf, I would submit that companies who target their consumer group and continue to offer quality comparable to their asking price are doing well. Ruger and Browning are good expamples. They are not for everyone but in the eyes of their clientele the quality still matches the asking price. Neither of these companies have gone on a buying spree either, trying to be all things to all people (remington is in danger here, I wonder ??)Also, realtive newcomers to the US market, like CZ, are striving to fill the void left by companies that couldn't deliver. It remains to be seen if they will succeed. In the meantime several smaller companies are serving the higher quality market (Empire,Hein, etc). Capitalism doesn't reward poor quality or poor management. Thoughts? -UtahLefty | |||
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Most decisions in life are based on "value for money" by Mr Average. The rich or the passionate would buy whatever he likes, even at a stiff premium, and make other sacrifices if need be. Take scopes for example ... how many people are really prepared to spend $1,500 on a scope (like Zeiss), when one could reasonably cope with a $500 scope (like Leupold)? Dakota charged far more than their rivals and their proprietory cartridges never succeeded to become a dominant trend (demand too low)in the USA or elsewhere. Warrior | |||
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Just another reason they are going under. In 05 I called wanting to buy a new 76 in 416 Rigby. I was told fine, one would be available in approx. 2 weeks. In two weeks I mailed my check for the full price and called. I was told that as soon as my rifle was back from the gunwriter who was doing a story on Dakota I would get the rifle and a copy of the magazine. I should be happy to have a rifle with provinence. I said "WHAT !" I ordered a NEW rifle, not a loaner. They still tried to convince me I was getting a better deal. I was pissed. I told them I did not want a loaner, I ordered and paid for a new rifle and thats what I wanted. They tried to pass off a used rifle to me as a new one. I asked the girl how can she guarntee that the rifle haden't been stressed by handloads ? She had no answer. Needless to say I canceled my check...........JJ " venator ferae bestiae et aquae vitae " | |||
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That is what the big corporate take over is like. Buy the company, pay off the sellers in company stock, then go bankrupt so the stock is of no value, and sell the company. Big money the legal way. It just sucks! The only easy day is yesterday! | |||
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were the allens paid in stock now worthless?Dakota was dons baby for 20+yrs-terrible ROI!! | |||
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KimR, I really doubt it. Old Lady Allen was much smarter than that...she got yankee dollars upfront before they got squat! The pity is that Don put his life into Dakota, and in a few short years this collection of pissants has ruined it with the fantasy of 100%ROI every year. The proof that this is a rip-off is the deal that they are selling the name, not the assets and machinery; if that is the story. If you value the name and physical property at 50% of the deal, then the Nesika Bay and Miller Arms designs are the other 50%. At this point, I am personally not sure Dakota Arms has any blue sky left. It's just a sad commentary on our times... Rich DRSS | |||
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frankly i'm surpised dakota lasted as long as it did. were it not for the hype by gun writers in the early stages i think it would have been gone long ago. the examples i saw in the late 80's were terrible......even if they had been selling for a 3rd of the asking price at the time. DRSS | |||
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The Accurate Reloading Forums THE ACCURATE RELOADING.COM FORUMS Rifles Big Bores Dakota Arms to be Auctioned Off Wednesday
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