What was once an upbeat mood in the gun industry, fostered by a multi-year rally in weapon sales, has now become a major hangover. The most obvious indicator of that change: Privately-held Remington Outdoor is now at risk of declaring bankruptcy after a collapse in sales and profits.The rifle and shotgun manufacturer's third-quarter sales plunged 41% as demand for firearms dried up.
Is This Major Gun Maker About To Go Bankrupt?
newsfeedback@fool.com (Rich Duprey), The Motley Fool
Thu, 11/30/2017 - 7:35pm
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