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cerberus capital management and george soros

But, in an industry with few independent players left, the big question is this: What is Freedom Group’s long-term strategy? He uses it as a mechanism to buy companies without the public The longtime chairman of its global investments group is Dan Quayle, the former vice president. But, weighing in at just under six pounds, it is surprisingly easy to maneuver, even for a novice. By its own count, the Freedom Group sold 1.2 million long guns and 2.6 billion rounds of ammunition in the 12 months ended March 2010, the most recent year for which figures are publicly available. But, with gas-powered mechanisms, semiautomatics can fire rapid follow-up shots as fast as the trigger can be squeezed. Some gun enthusiasts have claimed that the power behind the company is actually George Soros, the hedge-fund billionaire and liberal activist. “That caused a lot of stir in the industry,” says Dean J. Lockwood, a weapons systems analyst at Forecast International, a market research firm. Behind this giant is Cerberus Capital Management, the private investment company that first came to widespread attention when it acquired Chrysler in 2007. The Freedom Group, meantime, has added two retired generals to its board. The George Soros controlled private equity company Cerberus Capital Management could cut off all gun and ammunition sales in the US. All information is provided "as is" with all faults without warranty of any kind, either express or implied. In the realm of consumer rifles and shotguns — long guns, in the trade — it is unrivaled in its size and reach. The development would be good news for handgun makers like Colt and Smith & Wesson, but wouldn’t be much help to the Freedom Group, which focuses on long guns. They are often called “black guns” because of their color. Despite an endorsement from Remington, and the fact that he was a director of the Freedom Group and Remington, he lost. The chatter grew so loud that the National Rifle Association issued a statement in October denying the rumors. “You don’t want to be a one-trick pony. Discussion in 'General Gun Discussions' started by fireman 9731, Oct 21, 2011. But, analysts say, many young men who in the past might have taken up game hunting are now more interested in other pursuits like online gaming. Some gun enthusiasts have claimed that the power behind the company is actually George Soros, the … The police tied a Bushmaster XM15 rifle to shootings in the Washington sniper case in 2002. How can I get in touch with Denzel Washington's mother lenox? realizing his backing. Soros wants to keep people in the dark so that he can control them. For the last several years a company called The Freedom Group has been buying up gun and ammunition manufacturers.Some of the companies are Bushmaster, Marlin, Remington, DPMS, Dakota Arms and H&R. Earlier this month, the House of Representatives passed a “right to carry” bill that would require states to recognize one another’s permits to carry concealed weapons. At the time, Bushmaster was thriving, though it had been stung by bad publicity stemming from the Beltway sniper shootings. In recent years, many top-selling brands — including the 195-year-old Remington Arms, as well as Bushmaster Firearms and DPMS, leading makers of military-style semiautomatics — have quietly passed into the hands of a single private company. But firearms makers must also grapple with the vicissitudes of politics and public opinion. Despite rumors, George Soros is not an officer of the company. REMINGTON has been producing guns since 1816, when, according to lore, a young man named Eliphalet Remington made a flintlock rifle in his father’s forge in Ilion Gulch, in upstate New York. All Rights Reserved. It doesn’t have to be recocked after it’s fired: you just squeeze the trigger over and over. But some companies that they acquired later ran into trouble, in part because they were burdened with debt from the takeovers. Mr. Feinberg has a history of investing in companies that other people may not want, but that Cerberus believes it can turn around. It won a much larger consumer following in the 1990s, after it landed several small military contracts. The issue is whether the Freedom Group, and Cerberus, can persuade more Americans to buy more guns. Many Americans are solidly behind the right to own guns. ... George Soros. Together, the companies it owns generate annual revenue of about $40 billion — more than either Amazon or Coca-Cola last year. Now if you do some digging you will see that The Freedom Group is owned by a company called Cerberus Capital Management. On another rack rests a Teflon-coated Prairie Panther from DPMS Firearms, a supplier to the United States Border Patrol and security agencies in Iraq. Jessica Kallam, a spokeswoman at the Freedom Group, said executives there declined to comment for this article. Please pass this on to all your freedom loving friends. The firm manages most of the multibillion-dollar real estate portfolio of the $13 billion Soros Fund Management, from which Grove Capital was spun off in 2006. And 47 percent reported that there was a gun in their home or on their property, the highest level of self-reported gun ownership since 1993, according to the poll, which canvassed about 1,000 adults in early October. (In a 2004 settlement with victims of the shootings and their families, Bull’s Eye Shooter Supply, the store where the gun was acquired, agreed to pay $2 million, and Bushmaster agreed to pay $568,000, but they did not admit liability.). On a third is a Remington 750 Woodsmaster, a popular hunting rifle. Many private investment firms shy away from such industries to avoid scaring off big investors like pension funds. Today many gun makers have embraced military-style weapons, a major but controversial source of growth for the commercial gun market, says Tom Diaz, a senior policy analyst at the Violence Policy Center, a research group that backs gun control. Although The High Road has attempted to provide accurate information on the forum, The High Road assumes no responsibility for the accuracy of the information. Before the financial crisis of 2008, scores of well-known American companies, from Chrysler down, passed into the hands of private-equity firms. Mr. Soros isn’t behind the Freedom Group, but, ultimately, another financier is: Stephen A. Feinberg, the chief executive of Cerberus. Its rise has been so swift that it has become the subject of wild speculation and grassy-knoll conspiracy theories. Copyright © 2020 Multiply Media, LLC. He is evil reincarnated....Satan.s son. A blunt-spoken Korean War veteran and Republican fund-raiser, he had made a fortune himself by buying companies in trouble, including one that made poker chips. Mr. Soros, these people have warned, is buying American gun companies so he can dismantle the industry, Second Amendment be damned. Dan Quayle (‘memba him?) A Bushmaster Carbon 15 .223 semiautomatic is about three feet long. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply. What is George Soros interest in Cerberus Capital Management? Mr. Feinberg, a Princeton graduate who began his Wall Street career at Drexel Burnham Lambert, the junk bond powerhouse of Michael R. Milken fame, got into private equity in 1992. In 2007, the Freedom Group swooped in and bought Remington for $370 million, including $252 million in assumed debt. (Chrysler later had to be rescued by taxpayers). The Freedom Group also bought S&K industries, which supplies wood and laminate for gun stocks, as well as the Advanced Armament Corporation, which makes silencers. Utterly preposterous. These days, more women are involved in target shooting, according to participation reports from the National Sporting Goods Association. John Snow was Secretary of the Teasury under Bush and held other positions under Nixon and Ford. It may come as a surprise to many people, given the prominence of guns in American culture, the national conversation and politics, but the commercial firearms market in the United States is actually relatively small. Neither The High Road nor any of its directors, members, managers, employees, agents, vendors, or suppliers will be liable for any direct, indirect, general, bodily injury, compensatory, special, punitive, consequential, or incidental damages including, without limitation, lost profits or revenues, costs of replacement goods, loss or damage to data arising out of the use or inability to use this forum or any services associated with this forum, or damages from the use of or reliance on the information present on this forum, even if you have been advised of the possibility of such damages. “That,” Mr. Khanna says, “is an open question.”. Cerebus Capital Management is a publicly traded company. The variety of rifles and shotguns on sale here at Cabela’s, the national sporting goods chain, is a testament to America’s enduring gun culture. They are trying to get as far into the market as they can.” What is left? You’re not alone. The other is Michael W. Hagee, formerly commandant of the Marine Corps. At the time, Bushmaster had $85 million in annual sales and about several million dollars in debt, he says. “At the right price,” says Jim Barrett, an analyst at CL King who covers firearms companies, “it would be logical for them to be interested in one of the premier handgun manufacturers.”. Next, the Freedom Group in rapid succession went after other firearms companies: DPMS; Marlin Firearms, a classic maker that came with two niche shotgun brands, Harrington & Richardson and L. C. Smith; and Dakota Arms. the National Rifle Association issued a statement, Steven N. Kaplan, a professor at the University of Chicago, a major but controversial source of growth, the House of Representatives passed a “right to carry”, require states to recognize one another’s permits to carry concealed weapons, Remington introduced the Remington 1911 R1. CERBERUS is part of one of the signature Wall Street businesses of the past decade: private equity. Cerberus Capital Management owned by that sleaseball George Soros? In one stroke, the Freedom Group gained one of the most famous names in American firearms, the largest domestic maker of shotguns and rifles and a major manufacturer of ammunition. “N.R.A. When Cerberus embarked on its acquisition spree in guns, it essentially had the field to itself. “That’s a very large presence,” Mr. Eliason says. But how many of those people buy new guns regularly? He saw as his customers precision target shooters, including current and former military personnel, police officers and, well, military wannabes, he says. Whatever the reason, Cerberus, through the Freedom Group, is now a major player. What does mbs adj on a bank statement mean? Yet, in many ways, the move is classic Cerberus. It is called the Freedom Group — and it is the most powerful and mysterious force in the American commercial gun industry today.

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