TheFirearmBlog notes a story that Taurus, the Brazilian firearms manufacturer, may be looking at the firearms companies of Freedom Group. Investment company Cerberus began selling Freedom Group immediately after the murders in Connecticut because they have no spine, don’t care about the Second Amendment, and because the politically leftist tyranny-supporting California state teachers retirement fund threatened to pull out several million dollars from Cerberus.
American investors on Wall Street are running away from publicly traded gun companies at the moment. The estimated net value of all the major gun companies, including the Freedom Group, has plummeted in the last month. Enter Taurus, flush with cash after a tremendously successful period of growth in the past two years. Fiercely pro-gun rights and looking to expand ever further into the U.S. civilian market, they see Freedom Group as temporarily undervalued, and they want it. It’s classic capitalism– buy low, sell high. Buy something currently out of favor but which has a good track record of lasting value, and bet that you will profit like crazy later on when things turn around.
Taurus used to not be held in the best regard in firearms circles. Taurus has improved vastly in recent years, and their strong Second Amendment stance is noteworthy. Taurus also just secured a contract with Diamondback Firearms.
As noted earlier – Freedom Group, that Taurus is looking at, includes quite a few companies:
DPMS / Panther Arms
Taurus may not buy all of it, but they may buy at least parts. Remington and Marlin are companies that have histories that go back a long ways, and are both recognizable brands and are known good companies to their customers. DPMS is a noteworthy manufacturer of AR-style rifles, and also has a substantial market presence. Barnes Bullets are well known among reloaders; and Tapco has manufactured low-cost accessories for AR and AK platforms for years.
Wouldn’t be a bad plan for Taurus.