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(CNN)   Venture capitalist presents realistic plan to buy maker of assault rifle used in Newtown and shape them into a socially responsible company that no longer makes or markets weapons of mass destruction   (cnn.com) divider line 36
    More: Interesting, Freedom Group, Newtown, Cerberus Capital Management, trauma surgeon, David Geffen, assault weapons  
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1695 clicks; posted to Business » on 27 Dec 2012 at 1:36 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-12-27 01:06:07 PM
A private equity firm partner with his brilliant idea on how to flush $250 million down the toilet.  Maybe Karl Rove should be the new CEO.
 
2012-12-27 01:45:50 PM

syrynxx: A private equity firm partner with his brilliant idea on how to flush $250 million down the toilet.


Yup.

If anybody thinks the new company would last one moment, they're kidding themselves. S&W struck a deal with the fed.gov back in the Clinton days (basically agreeing to install gun locks and a couple other procedural things) and it damn near killed the company. If the Freedom Group does that, nobody will buy one damn thing from them. It would amount to a shutdown of Bushmaster, DPMS, and AAC. Remington and Marlin would not survive either; very, VERY few gun buyers would seek to support companies owned by a bunch like that. They may as well buy the Freedom Group and shutter it completely. It would amount to the same thing.

Meanwhile, plenty of other companies would pick up the slack. S&W, Ruger, and others will gleefully meet the demand that the Freedom Group used to.
 
2012-12-27 01:50:07 PM
images2.wikia.nocookie.net
What the person in question may look like
 
2012-12-27 01:52:42 PM
Hahahahahha, to walk around in the moonbat fantasyland inside the author's head must be a real trip. The only thing more laughable than the execution is the original premise.
 
2012-12-27 01:53:21 PM
Good GOD, could this headline get any troll-ier? It's so absurd it's downright humorous.
 
2012-12-27 01:56:19 PM
So are Democrats admitting W found WMDs in Iraq after all?
 
2012-12-27 01:57:59 PM
You know, now that I think about it, this is pretty much exactly what a hoax email of the last couple years has said... that Soros and others owned the Freedom Group and intended to buy up gun companies to put them out of business.

Nothing is stopping Soros from taking his billions, buying the FG, and shutting it down. He is enough of an idealist to want to do it, but he's enough of a financial whiz to NOT. He knows that it would be like cutting heads off a Hydra... as long as there's legal private firearms ownership in the US, there will be companies meeting that demand. A firearm is not some bizarre magical creation requiring super special powers to make. With modern manufacturing technologies (not even talking about 3D printing... the 3D printed AR receiver didn't last long at all in actual use) firearms are stupid simple to make. Soros hasn't bought companies and shut them down because he knows it would be throwing money away for not one little iota of actual difference.

The guy who thought this idea up might be an idealist, but he obviously doesn't know dick about guns, the firearm market, and maybe nothing about business in general. The fool is under the impression that the firearm owners of America want a fifth columnist company to buy from. That is pretty much the complete opposite of the truth in actual practice.
 
2012-12-27 02:00:58 PM
Seems like a modest proposal.
 
2012-12-27 02:01:30 PM
I didn't realize that the crazy in Newtown dropped sarin gas on those kids
 
2012-12-27 02:03:01 PM

VTGremlin: Good GOD, could this headline get any troll-ier? It's so absurd it's downright humorous.


No. No it can't. And for that, I shall not comment further upon the trolliness of the headline.
 
2012-12-27 02:04:14 PM

YixilTesiphon: So are Democrats admitting W found WMDs in Iraq after all?


I heard that the Syrians are about to use the very ones on their own people very soon.
 
2012-12-27 02:27:28 PM

YixilTesiphon: So are Democrats admitting W found WMDs in Iraq after all?


Wait, there are people who don't think we found chemical weapons in Iraq? Of course they had them... We sold them to them, they used them against Iran and against Kurdish insurgents, and the UN had an accounting of them.
 
2012-12-27 02:35:53 PM
Don't forget that he proposes using state pension funds to finance the purchase.
 
2012-12-27 02:40:29 PM
Dear author:

i.ytimg.com
 
2012-12-27 02:41:00 PM
A bullet damages what it is aimed at. Mass destruction makes an indiscriminate swath.
 
2012-12-27 02:41:02 PM
How does: "a bunch of rich people who like gun control should buy it" a viable business plan? That is about as realistic as saying that the people who have money should ____. All the garble about appointing family members of the newton disaster to the board does not seem like a realistic idea either.

Simply, it is not realistic to expect a bunch of rich people to sink money into purchasing a company, discontinuing their most profitable product lines, and while appointing people to the board who's qualifications have nothing to do with running an arms business.
 
2012-12-27 02:46:50 PM
eh, simply the same old far-left fantasy.

Wash, rinse, repeat for every company in america.

They really believe this silly crap will work, if only the right people are put in charge.

They're as bad as the far-right in their own way.
 
2012-12-27 02:49:26 PM
When did CNN start offering stories from The Onion?
 
2012-12-27 02:52:28 PM
How easy is it to find a drug dealer?

Sure, you can shift the business model, but that does not negate the demand that created the business in the first place.  And where there is a demand, there will be a business to meet that demand, regardless of business models or laws.
 
2012-12-27 03:07:32 PM
How is this not satire?
 
2012-12-27 03:23:14 PM

The WindowLicker: How does: "a bunch of rich people who like gun control should buy it" a viable business plan? That is about as realistic as saying that the people who have money should ____. All the garble about appointing family members of the newton disaster to the board does not seem like a realistic idea either.

Simply, it is not realistic to expect a bunch of rich people to sink money into purchasing a company, discontinuing their most profitable product lines, and while appointing people to the board who's qualifications have nothing to do with running an arms business.


Don't forget the part about whatever passing for the business plan being an already proven way of pretty well killing a company. By time Tomkins PLC sold S&W, their value was a fraction of what it had been (Tomkins paid $115m USD for S&W, Saf-T-Hammer bought it off them for $15m USD).

There's very, VERY few people who are so idealistic they'll flush millions, if not billions, of dollars down the toilet just for an ideological statement that will ultimately be of no lasting impact.
 
2012-12-27 03:25:56 PM
I thought when he put the name BFF in there it was a satire. BFF's for life.
 
2012-12-27 03:53:10 PM

Qwertyette: How is this not satire?


Shhhh, it is. Don't ruin the joke.
 
2012-12-27 04:51:59 PM
Let me know in a year when the story about them filing bankruptcy is posted.
 
2012-12-27 07:12:19 PM
Out of interest, are the manufacturers of sporks also making weapons of mass destruction?
 
2012-12-27 08:35:14 PM
Bless this guy's heart (an Subby's), I am sure despite his proposal's numerous and very obvious short comings, I am sure he means well..
 
2012-12-27 08:43:08 PM
I'm left scratching my head over this piece.  Either it's really bad satire, or it's really bad business.  Either way, the Author is a bad person and should feel bad.
 
2012-12-27 09:58:46 PM
Dear Mr. Idealist Guy:
i18.photobucket.com
 
2012-12-27 10:28:26 PM
Venture capitalist presents realistic plan to buy maker of assault rifle used in Newtown and shape them into a socially responsible company that no longer makes or markets weapons of mass destruction

I just cannot let that pass.

fark you, subby.
 
2012-12-28 12:15:59 AM
There was absolutely nothing remotely realistic in his "plan" .
 
2012-12-28 07:34:43 AM
They could buy the company and turn it into a sex toy manufacturing operation.

Master your Bush with Bushmaster!
 
2012-12-28 08:23:31 AM

HighlanderRPI: They could buy the company and turn it into a sex toy manufacturing operation.

Master your Bush with Bushmaster!


Come on, how did you get the tagline but not the product?

They should sell specialty pubic hair razors.
 
2012-12-28 08:56:30 AM
So what you're saying is, if they go through with this plan, the market will be open to new manufacturers of firearms, because Freedom Group is going to flush itself down the drain?
 
2012-12-28 10:23:50 AM
"Venture capitalist", eh? More evidence, if any were actually needed, that many people in the financial industry are not the geniuses they imagine themselves to be.
 
2012-12-28 01:15:24 PM
Step one: Buy Underpants
 
2012-12-28 06:48:24 PM

akula: Meanwhile, plenty of other companies would pick up the slack. S&W, Ruger, and others will gleefully meet the demand that the Freedom Group used to.


I sure hope they would. I recently bought a bunch of stock in S&W and Ruger.
 
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