A dissenting vote on Cerberus.....
Private equity companies usually make their money by taking an underperforming company, and fixing the problems so that it is more profitable. Then they sell it for a profit. That's good for them, good for the company, and good for the customers.
Apparently they haven't been able to carry it off this time.
But, fret not. If they can't fix their problems, the solution is to sell off the operating groups and to sell the physical assets of the parts that can't be fixed. So what you're likely to see is the Remington factory bought at a steep discount by someone who believes they can run it profitably. Since they will be paying a lot less for the factory than Remington did, they have a much better chance of servicing the debt and making a profit. They might well sell off Barnes, DPMS, etc. to people who believe that they can do a better job of running them than the present management.
That is one plus. Cerberus did a miserable job for sure
