Was at a gun shop last week, and was informed that Freedom Group owns Marlin Arms, and that the Freedom Group is primarily Russian owned. is this true?

Not that I know of, the founder and most of the principals of American. They do represent, however, the worst of what the bloodsuckers on Wall Street have to offer, and that's saying something for that pack of thieves. They couldn't be any worse if they were Russian owned.

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Originally posted by mike_elmer:
Was at a gun shop last week, and was informed that Freedom Group owns Marlin Arms, and that the Freedom Group is primarily Russian owned. is this true?

Idiots----no they are not. One of my best friends was on the leadership team for many years.

Actually that is the only reason there have been monies put back into the Custom Shop at Remington. Involvement has been positive to Remington as they were just about to go under.

Also, the family wanted to sell Marlin for quite some time so there was no money being put into capitol equipment. Ruger was a player but fell short in that deal.

Like most crap spewed at gun shops, it is dead wromg No. And they are supporters of the republican party. Venture capitalists to the last man. If you know it's a shark, don't complain when it bites you

They were a client when I was at the bank. Trust me, they are in the nicer category of them.

Thank you for the clarification. I did a web search, and could find no credible information to support the salesman's claims.

I may buy a Marlin in the future... thinking of a lever action in .357... Would prefer a Winchester, but we will see what is available when I am ready to buy.

I was also informed that Marlins are hard to get right now due to moving the factory to another location.

From a Freedom Group brochure which I obtained (from subsidiary company ceo) while hunting Omay in 2009. Remington, Marlin, Harrington Richardson, New England Firearms, Parker Gun, L.C. Smith, Bushmaster, DPMS, EOTAC, and INTAC are all their companies. Subsequently Dakota and DynCorps have been added. The latter "is a global government services provider in support of U. S. national security and foreign policy objectives...." The official described the Cerberus principals as a very patriotic, conservative Jewish family. This could not be more contrasting to the "Russian owned" concoction. Headquarters listed as Madison, NC.

Those damned Rooskies are pretty clever!!

Freedom Group is owned by Cerberus. Cerberus is hardcore American and Conservative.

Steve Feinburg founded Cerberus and is one of the few conservative Jews on Wall Street and loves big game hunting and guns.

Why couldn't Bloomberg be cut from the same clothe?

Cerberus Capital has a reputation for purchasing companies, skimming their assets, then selling their skeletons back into the market. Cerberus once owned Chrysler and left it pretty ashen by the time they'd sucked most of the blood and marrow from it. They'll ride the wave of profitability in the gun business until it starts to subside, at which point you'll find the names of the gun companies they currently own strewn across various bankruptcy filings like the carcasses of buffalo on the plains of the 1870's.

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Originally posted by Stonecreek:
Cerberus Capital has a reputation for purchasing companies, skimming their assets, then selling their skeletons back into the market.

what they have is a history of buying under performing companies, investing 100s of millions, if not billions, and expecting a high return on the company -- chrylser, in your example below, was FOUNDERED AND DEAD after MB bought and rifled through them

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Originally posted by Stonecreek:

Cerberus once owned Chrysler and left it pretty ashen by the time they'd sucked most of the blood and marrow from it.

MB sucked the profits dry, and when they figured they got all they could, they sold the company at what was considered to be a premium for market value .. CERBERUS bought it and kept EVERY line of produciton still running, with the exit plans of them still in place. How long EXACTLY did cerberus own chrysler and how many 10s of millions did they LOOSE by trying to keep an american car company going?

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Originally posted by Stonecreek:
They'll ride the wave of profitability in the gun business

right -- that's why they bought remington when it could barely pay its bills and dakota OUT OF BANRUPTCY ... huge losses and failed business ..

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Originally posted by Stonecreek:

until it starts to subside,

gun prifts started trailing down in 4Q09 -- read anyone's stockholder reports and profit trends.

quote:

Originally posted by Stonecreek:

at which point you'll find the names of the gun companies they currently own strewn across various bankruptcy filings like the carcasses of buffalo on the plains of the 1870's.

you mean like dakota? DMPS? Marlin? HR? and Remington, which where in HORRIBLE financial conditions, could barely pay bills, or had FAILED as going concerns?

What do they have to sell from "skimming the assests? Seriously? a couple milling machines and ammo making tools? In the world of commerce, gun making is NOT capitol intensive, (CAPEX) it is HUGELY operating expense driven (OPEX) in that the margin for guns making is RAZOR thing, after COGS, SGA, LEgal, Insurance, and marketing..

In other words, your post is ill founded. cerberus has SAVED thousands of american high skill, good income jobs, and kept brands alive.

They are NOT corporate raiders, they are investors!

They are American investors and just about everyone involved in their leadership, they are gun fanatics.

Right on Jeffeosso; thanks for setting the facts straight; couldn't agree more with you!

just checking facts .. cerberus lost 800,000,000 on trying to save chrysler --
800 MILLION dollars ..

and that's not including the unknown ammount injected into the brand ...

So, Cerberus is a charitable group which sacrifices their profits by injecting their money into struggling companies for the good of mankind? Sounds like a poor investment to me.

Stonecreek - are you one of those that believes all corporations are evil? Just checking to see if maybe you have a legitimate point on Cerberus or are convinced all of us corporate executives are evil doers.

I sure as hell would not buy any stock from them (assuming the mentioend IPO occurs) until this Remington-Walker Trigger mess gets sorted out.

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Originally posted by Stonecreek:
So, Cerberus is a charitable group which sacrifices their profits by injecting their money into struggling companies for the good of mankind? Sounds like a poor investment to me.

that's your reply? inanity? after your erronious statements are soundly refuted, you resort to absurdity?

shesh, man.. these aren't the guys from the movie wall street .. there's no gordon gecko saying greed is good ... those people only exist in hollywood.

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Originally posted by Austin Hunter:
Stonecreek - are you one of those that believes all corporations are evil? Just checking to see if maybe you have a legitimate point on Cerberus or are convinced all of us corporate executives are evil doers.

oh my .. dont' say all corporations are evil .. MOST CHURCHES are corporations, and most not-for-profits .. in fact, anyone that wants to use tax laws in their favor, like a church or not-for-profit, legally MUST be a corp.

but, of course, cerberus is NOT a corporation -- it is a limited partnership ..

Cerberus Capital Management, LP.

Always curious on how these rumors are started??

I'm convinced 98% of corporations are good (and I have worked with a lot). Just like everything else in life, it's the 2% that f^&K up for everyone else!

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Originally posted by jeffeosso:

quote:

Originally posted by Austin Hunter:
Stonecreek - are you one of those that believes all corporations are evil? Just checking to see if maybe you have a legitimate point on Cerberus or are convinced all of us corporate executives are evil doers.

oh my .. dont' say all corporations are evil .. MOST CHURCHES are corporations, and most not-for-profits .. in fact, anyone that wants to use tax laws in their favor, like a church or not-for-profit, legally MUST be a corp.

but, of course, cerberus is NOT a corporation -- it is a limited partnership ..

Cerberus Capital Management, LP.

Benz screwed Chrysler from day one. It started with picking up their reps in chauffered Mercedes and renting Town and Country Minivans for the Chrysler Execs at the final contract signing. For Daimler it was a way to avoid being an overseas company for taxes.

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MB sucked the profits dry, and when they figured they got all they could, they sold the company at what was considered to be a premium for market value ..

You might wanna review your data Jeffe ...

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Benz screwed Chrysler from day one.

Chrysler screwed Chrysler like they screwed the US Taxpayer ... TWICE!! Thank Union influence in DC for that. Like all US car makers, shoulda been gone decades ago There are lots of areas where the US is still pre-eminent, cars ain't one or ever gonna be - wrong business model for this century.

Could be wrong of course, but is it true that these same folks who own Remington also have put Dakota Arms under that same umbrella?? If it is true I don't see that as a good or bad thing, just curious.

correct

So, is Marlin moving their manufacturing to another plant? I was also told that Marlin rifles are getting harder to come by while they move.

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Originally posted by mike_elmer:
So, is Marlin moving their manufacturing to another plant? I was also told that Marlin rifles are getting harder to come by while they move.

\hard it make rifles in the back of a semi ..

dmps, bushmaster, remington, hr, marling, NEF, dakota, barnes, and a couple others make up the "freedom group"

quote:

Originally posted by jeffeosso:

quote:

Originally posted by mike_elmer:
So, is Marlin moving their manufacturing to another plant? I was also told that Marlin rifles are getting harder to come by while they move.

\hard it make rifles in the back of a semi ..

dmps, bushmaster, remington, hr, marling, NEF, dakota, barnes, and a couple others make up the "freedom group"

Ok, Jeffe... Should I consider that an answer in the affirmative?