No One Wants Remmington

It looks like no one wants to buy Remington Outdoor. Gee, I wonder why. Could it be that they are the company that made the weapon used by Adam Lanza to slaughter innocent children at Sandy Hook?

What's also interesting to note from the article is this:

The tide has turned against Cerberus and the gun industry, at least for now. Gun sales began slowing last year. Remington reported a nearly 28 percent drop in sales from 2013, to $939.3 million. And it swung to a $68.2 million loss from a $57.7 million profit. (The company also cited a recall of millions of triggers for its Remington Model 700, which has been reported to fire without the trigger’s being pulled, as weighing on its results.) 

A chief rival, Smith & Wesson, said that its sales for the 12 months ended Jan. 31 fell about 15 percent, to $541.6 million. Over all, the number of background checks processed by the National Instant Criminal Background Check System, a rough indicator of interest in gun sales, declined slightly in 2014, to just under 21 million.

Wait...what? The Gun Cult has assured me many, many times that guns sales are always high, because guns are awesome and stuff, forever and ever, AMEN!!! It could possibly be that there is a glut in the amount of guns out there, can it?

Sales of firearms surged in 2013 in the face of fears of tougher ownership laws. The worst of those fears have since subsided, but that stockpiling has led to a glut of guns in the United States.

My oh my!

Perhaps the solution to permanently turning off America from guns is twofold. First, have so many around that no one really gives a shit anymore. After all, it's human nature that when something is easily available, no one gives a shit about it. The cassette tape analogy still applies here. You can't even give those fucking things away.

Second, and more importantly, make the companies that make guns very unappealing to own and, thus, drive down the value in the private capital market. This could hit them where they really hurt. If it costs too much to make guns and no one is making any money on them, well...:)