Freedom Group pulls plans for IPO

[imschur]

<blockquote> Freedom Group gave no reason for withdrawing the IPO but the company has been struggling as demand for its key products slips. It posted a $6.7 million loss on sales of $744.3 million last year, down from a profit of $54 million and sales of $848.7 million in 2009.

...

Eric Wold of Merriman Capital, who covers firearms firms Smith & Wesson (SWHC 3.53, 0.00, 0.00%)  and Sturm, Ruger (RGR 23.05, -0.04, -0.17%)  noted that “the fastest growing part of the industry is handguns” and that Freedom “has none of it.”

He said “it is likely to see them make a move and acquire one of those two companies to put themselves in a better position for an eventual IPO.”

</blockquote>

[Michigan Joe]

Given that Remington is the ammo that most people on this website avoid, the group of companies is not run by gun guys, and they seem allergic to new products, is it any wonder that nobody is interested in their stock? 

[asmurff]

They need to get off the pot, new fun stuff please, how about a Rem 1100 removable magazine fed Tactical Shotgun. Or a complete line-up of 1911s in lots of calibers.

[imschur]

They need to get on 1911 pistols that appeal to the masses for sure