Monday, December 11, 2006

Sorry for Light Blogging!

Been to tied up in my own issues to put too much to paper (or is it electrons?). Got one more trip this year, then slide home!

RE: Colt (as mentioned by a commenter), who knows? First, let me relate a quick story...last month I was sitting in the offices of a firearms company CEO B-S'ing when his phone rang. He looked at the number and took the call; when he hung up, he started laughing.

"You're not going to believe this," he said. "That was the [fill in the name of a big, recognizable bank], who are handling Colt. They want to know if I'm ready to write the check, 'cause Colt's finally ready to sell."

"Are you?" I asked.

"Good question," he replied. "There's not much there there."

I'll make some phone calls, but there's nothing in the financial press.

1 comment:

Anonymous said...

Colt--A Fire Sale-2007--The hoses were turned off and put away long ago.

The Sale is thru "Bank of America Securities"--Tel No. 212-933-2191 Alex Khutorsky, or
or try Adrian Walters, V.P. 212-933-3142,

or Defense Analyst Jordan Wilder for bofa @ 212-847-5812,

Its on their site!

Although word has it "New Colt" is the asset for sale --not much interest---more interest in the "Archieves" of old Colt stuff.

Probably time for the bottom feeder/auctioneers to make an appearance?

Regards, Mike . . Still watch the show from time to time,

Bob in Fla.