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Joined: Dec 2005
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Campfire Tracker
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Campfire Tracker
Joined: Dec 2005
Posts: 4,189 Likes: 1 |
Won't take long at all to make that back with the strategic price markups aimed at the mini-van/Suburban driving moms who will pay anything for the unnecessary junk they buy their offspring. The Subaru contingent will contribute their share as well, as they fork out more for their kayaks and swim fins.
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Joined: Dec 2013
Posts: 44,828 Likes: 28
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,828 Likes: 28 |
He is a good liberal.
Private citizens should not have guns.
Only the police, the Army, and the Secret Service should have guns.
Only Big Brother should have guns.
Makes my skin crawl, but this makes liberals all warm and cozy. They are protected by the all powerful State. Protected right to the FEMA camps.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Joined: Apr 2011
Posts: 12,255 Likes: 14
Campfire Outfitter
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Campfire Outfitter
Joined: Apr 2011
Posts: 12,255 Likes: 14 |
Follow the money. Either show me the General Ledger entry for the $5MM inventory write down... Or the $5MM transfer of inventory assets to another legal entity. As above, if there truly is a $5MM inventory write down, then show me the requisite paper work to the BATF documenting the destruction of said inventory.
My guess is that there will not be a write down... Just more kabuki theater pandering to their spandex snow flakes...
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Joined: May 2003
Posts: 23,130 Likes: 16
Campfire Ranger
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OP
Campfire Ranger
Joined: May 2003
Posts: 23,130 Likes: 16 |
Orion2000: I am not sure what you are talking about - but if you intentionally destroy your business property YOU can NOT write that off in any way shape or form!
Let me know how your call in to the dick's C.E.O. goes regarding him diminishing the taxable income of his business by the amount of money that he intentionally and voluntarily destroyed.
I am not defending the prick - I am just saying you are grossly misinformed/mistaken!
What you are describing is known in legal "circles" as "FRAUD"/tax evasion!
Both criminal and civil penalties will arise.
Sheesh.
DON'T SHOP dick's!
Hold into the wind
VarmintGuy
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Joined: Feb 2010
Posts: 17,927
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
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I don't believe it for a second. They were most probably returned to the distributor or to the original manufacturers. 5 million is quite the hit. They're lying, hoping to get favorable press for the soccer mom crowd. Lord knows people who support the 2nd Amendment won't shop there.
If they did, there would have to be proof provided to the BATFE. Every firearm made is tracked by them, at least until it is sold to a private owner.
7mm F.O.I.A.?
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Joined: Feb 2001
Posts: 50,674 Likes: 2
Campfire Kahuna
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Campfire Kahuna
Joined: Feb 2001
Posts: 50,674 Likes: 2 |
There would not be any report to BATFE on destroyed inventory. They would simply make an entry in their bound book for each destroyed firearm and that is NOT a public record.
Mark Begich, Joaquin Jackson, and Heller resistance... Three huge reasons to worry about the NRA.
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Joined: Dec 2007
Posts: 11,234 Likes: 1
Campfire Outfitter
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Campfire Outfitter
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Joined: Jan 2009
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Campfire Ranger
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Campfire Ranger
Joined: Jan 2009
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He couldn't have donated them to a local or county police department? What an a$$! If I was a shareholder, I would be fuming. His political bent and butt buddies can't be seen supporting a white, racist police force.
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
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Joined: Feb 2001
Posts: 8,962 Likes: 35
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2001
Posts: 8,962 Likes: 35 |
Freedom of information act?
I don't understand your point.
I really ain't losing any sleep either way. If they took a $5M hit, that's great. I'm sure that Ruger, S&W and the others can replace those guns, and its money in their pockets. If the guns were sent back, they no doubt found their way to another vendor who ain't so self righteous.
We gun nuts didn't gain anything, but we didn't lose anything either.
As far as Dick's, I never spent a dime there that I can recall. I bet I've only been in one of their stores a few times. I admit to buying a couple off F&S, but I haven't spent a dime there either since they showed their true colors.
7mm
"Preserving the Constitution, fighting off the nibblers and chippers, even nibblers and chippers with good intentions, was once regarded by conservatives as the first duty of the citizen. It still is." � Wesley Pruden
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Joined: Sep 2009
Posts: 46,296 Likes: 6
Campfire 'Bwana
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Campfire 'Bwana
Joined: Sep 2009
Posts: 46,296 Likes: 6 |
Trump Won!
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Joined: Jun 2006
Posts: 10,531 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2006
Posts: 10,531 Likes: 3 |
Any CPA's or other accountant types out there ? Almost 30 yrs. ago when I worked in a non-hazardous waste incinerator we destroyed a lot of early VHS video camcorders that had been discontinued and were almost obsolete. They were all brand new never sold. Ran a few tractor trailer loads through a giant hammer shredder and into the incinerator. We heard the company got some kind of write-off on their taxes,,,,,, And the I.R.S. had people there to witness the process to ensure the stuff had indeed been destroyed. If Dick's were to destroy that many guns wouldn't the tax man ( or BATF), have some folks there to verify it ? And what's the name of that procedure if the I.R.S. is involved ?
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Joined: Dec 2013
Posts: 14,857 Likes: 15
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2013
Posts: 14,857 Likes: 15 |
Not going to read the whole thread but it sounds like a win win for gun owners and gun companies. Five million dollars worth of ARs were bought and paid for by Dicks. They did not sell them, so that means the demand for five million dollars worth of ARs was not met. Now the companies will get to make and sell them again for other people to sell in order to meet the demand.
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Joined: Sep 2004
Posts: 29,383
Campfire Ranger
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Campfire Ranger
Joined: Sep 2004
Posts: 29,383 |
Probably transferred them to FIeld and Stream stores which coincidentally have no problem displaying and selling them.
I hope the local LGS gunstore has expansion plans. I won't step foot in a Walmart,Field and Stream or Dicks. Ganders is out of business here. I have to drive 50-90 miles to get to a semi-decent gunstore.
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Joined: Feb 2010
Posts: 17,927
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 17,927 |
Freedom of information act?
I don't understand your point.
I really ain't losing any sleep either way. If they took a $5M hit, that's great. I'm sure that Ruger, S&W and the others can replace those guns, and its money in their pockets. If the guns were sent back, they no doubt found their way to another vendor who ain't so self righteous.
We gun nuts didn't gain anything, but we didn't lose anything either.
As far as Dick's, I never spent a dime there that I can recall. I bet I've only been in one of their stores a few times. I admit to buying a couple off F&S, but I haven't spent a dime there either since they showed their true colors.
7mm
I thought you’d said BATFE would have a record of each one or something. Anyway, WGAF. It’s just dicks being dicks.
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Joined: Dec 2010
Posts: 2,209 Likes: 1
Campfire Regular
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Campfire Regular
Joined: Dec 2010
Posts: 2,209 Likes: 1 |
Good point on calling Dick's CEO. On my list for tomorrow.
Also, if they actually did destroy these firearms, there should be an additional cost involved for having them destroyed. How much? What means were used to destroy of these firearms and what was done with the resulting waste?
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Joined: Feb 2001
Posts: 8,962 Likes: 35
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2001
Posts: 8,962 Likes: 35 |
From my understanding of federal laws the BATFE would absolutely have to be notified of the destruction of any firearm not sold or donated to a final end user.
I have worked in firearms sales and those guns must be accounted for every day at opening and closing. If There's a fire or they're otherwise destroyed, they've got to be "taken out of the system". Someone with an FFL or more experience could probably explain way better than me.
But as I said, those guns most be accounted for until they reach their end user.
Wether a private citizen would be able to access that information I wouldn't know. Like I said, hopefully someone here can enlighten us both.
7mm
"Preserving the Constitution, fighting off the nibblers and chippers, even nibblers and chippers with good intentions, was once regarded by conservatives as the first duty of the citizen. It still is." � Wesley Pruden
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Joined: Feb 2010
Posts: 17,927
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 17,927 |
Maybe it’ll be in that azzholes next book. Would love to see that he violated some firearms law and pay even more.
If a damn police department makes a video of Benchmade carving up rifles I can’t imagine Dick’s would pass on the PR campaign to the same.
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Joined: Apr 2004
Posts: 42,942 Likes: 16
Campfire 'Bwana
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Campfire 'Bwana
Joined: Apr 2004
Posts: 42,942 Likes: 16 |
I won't spend any money there, even on a real good deal... and that was long before they announced all of this crap...
5 million dollars worth are going to sell anyway.. if not by them, then someone else...
but when they say $5m worth... is that at dealer cost, or retail price....
I am sure the latter, and they are just trying to be heroes and hanging their hats on the leftists and Gay crowd and hope they will pull their financial disposition to a turnaround..... by pulling it out of their asses...
but I wouldn't have taken one of those firearms from Dick's even if THE DICKS were giving it to me for free....
"Minus the killings, Washington has one of the lowest crime rates in the Country" Marion Barry, Mayor of Wash DC
“Owning guns is not a right. If it were a right, it would be in the Constitution.” ~Alexandria Ocasio Cortez
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Joined: Apr 2011
Posts: 69,531 Likes: 30
Campfire Kahuna
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Campfire Kahuna
Joined: Apr 2011
Posts: 69,531 Likes: 30 |
From my understanding of federal laws the BATFE would absolutely have to be notified of the destruction of any firearm not sold or donated to a final end user.
I have worked in firearms sales and those guns must be accounted for every day at opening and closing. If There's a fire or they're otherwise destroyed, they've got to be "taken out of the system". Someone with an FFL or more experience could probably explain way better than me.
But as I said, those guns most be accounted for until they reach their end user.
Wether a private citizen would be able to access that information I wouldn't know. Like I said, hopefully someone here can enlighten us both.
7mm Yep. If LEO Departments destroys any confiscated guns the have, they’ve got to notify ATF and provide serial numbers Be ironic if Dick’s failed to do so and they get fined BIG TIME ! Or better yet, shut down !
"Allways speak the truth and you will never have to remember what you said before..." Sam Houston
Texans, "We say Grace, We Say Mam, If You Don't Like it, We Don't Give a Damn!"
~Molɔ̀ːn Labé Skýla~
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Joined: May 2003
Posts: 23,130 Likes: 16
Campfire Ranger
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OP
Campfire Ranger
Joined: May 2003
Posts: 23,130 Likes: 16 |
Chlinstructor: Wouldn't that be "justice" - the "dick's" folks getting their asses in a wringer for "destroying" their own property!
He-he.
Hold into the wind
VarmintGuy
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