Welcome to the 1st installment of The JSMP Weekly.
This week we take a look at Cerberus Capital Management and the impact they will have on the firearms industry. Cerberus is a huge investment company. It owns several brand names I’m sure you have heard of, such as: Chrysler, Air Canada, GMAC, National Car Rentals, Alamo Car Rentals and several other companies - too many to list. Recently Cerberus purchased Cobb Manufacturing, Bushmaster, Panther Arms, DPMS, Marlin and Remington.
This could be good for the shooting industry, or it could be a disaster. If they revitalize the firearms industry with new money, innovation and a long-term vision for the future that would be great. However, when one company controls a large portion of any industry, the outcome can be positive or negative. We have witnessed this several times through-out history. Rumors have it that Cerberus is looking at a couple of bullet and handgun manufacturers to buy. We can only hope for the best, but I for one do not believe Bigger is Always Better.
See Ya Next Week,
- Jeff
Monday, June 2, 2008
Cerberus Capital Management's Impact on the Firearm Industry
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