Tactical Atlas Firearm Blog

Ares former CEO fired, airs dirty laundry

The former CEO and founder of the Ares Armor, Dimitri Karras, has been booted from his current position for publicly attacking the company’s management.

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If you have to choose, buy Smith & Wesson and sell Ruger stocks

As gun sales return to what CEOs are calling a normalized environment, many investors use Smith & Wesson and Ruger stock as a barometer for the industry.

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Colt secures $20M loan amid fight among creditors

Colt secured a $20 million loan that would afford the company to maintain normal business operations during the chapter 11 bankruptcy process.

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Drop in military sales forces SureFire layoffs

Tactical gun accessories maker SureFire has cut its workforce and product offerings due to a drop in military spending, the company announced Tuesday.

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Colt’s eight-month journey to avoid bankruptcy

After eight months of living off loans and negotiating with investors to avoid collapse, Colt Defense ultimately bit the bullet and filed for bankruptcy Monday.

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Remington top brass leave company

On Tuesday senior leaders with Remington left the company, less than a month after company owners decided to let investors cash out of the conglomerate.

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Armatix in chapter-11 style restructuring

Armatix, the manufacturer of the scarcely found “smart” pistol, has entered chapter-11 style restructuring proceedings in Germany.

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Colt’s credit rating cut to the lowest possible

Standard & Poor’s downgraded both Colt’s debt rating and corporate credit rating to a “D” from “CC,” the rating service said in a statement Tuesday.

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Investors not biting at Colt’s offer to exchange bonds

The plan to exchange old bonds with new ones needs 98 percent of investors to participate, but only a small percent has been accounted for as of last night.

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Vista Outdoor’s 4Q shows ups and downs

Sales for fiscal year 2015 were $2.08 billion, up 11 percent from the prior year, but down 14 percent from the prior-year quarter with sales at $485 million.

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Smith & Wesson makes $100 million credit payment

Smith & Wesson announced just before markets closed Thursday that it repaid the $100 million it had borrowed from its revolving line of credit.

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Smith & Wesson raises expectations for FY 2015 sales

Smith & Wesson updated expected results for its fourth quarter and full 2015 fiscal year, projecting an 8 percent increase from estimates released in March.

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