Whatever happened to these guns? Gunbroker prices are nuts.

 

$1500 for a king cobra, $5k for a python? Wow

 

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Yeah it's prevented me from getting another. I don't see it for a gun that you won't shoot, at least not much. I have a 1988 6" King Cobra my wife bought, that year, for my birthday at the bullet hole. It's ultra stainless, or whatever they call the very shiny stainless finish, and she paid under 400 bucks at the old bullet hole store when it was in Washington Ave in Belleville.

 

I wouldn't sell it because I like it and it and it was a gift from my not yet wife, to be clear, and 1500 bucks isn't life changing. However I'm not sure it's worth 1500 bucks. I have box, papers and it's in near new condition.

 

I guess if colt starts making wheel guns again this market will drop. It's better than stocks right now though.

Yeah i was following a python for the last week on GBroker. In its condition and no box its mayyyybe 4k. Its went for 5800$$$. Friggin crazy.

Whatever happened to these guns? Gunbroker prices are nuts.

 

$1500 for a king cobra, $5k for a python? Wow

 

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The walking dead revived interest in the snakes.

 

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The walking dead revived interest in the snakes.

 

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But the walking dead was out quite a bit earlier?

 

Any dealers care to chime in?

 

Almost tempted to sell one or two of mine.

 

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Hey im in. Whatcha got.

Bankruptcy filing last year and maybe news of prior to,then closure rumors probably contributed to the rise as a result.

Believe Colt came of of the filing last month.

Bankruptcy filing last year and maybe news of prior to,then closure rumors probably contributed to the rise as a result.

Believe Colt came of of the filing last month.

Thanks. That makes sense.

 

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Theyre not going out of business. The govt will bail them out. Like h&k and deutschland did.

Theyre not going out of business. The govt will bail them out. Like h&k and deutschland did.

Obama's government?

 

Unfortunately don't think there are too many financial statements out there to actually see what is going on with the company. 

 

I really can't fathom how many gun business can go bust in the last 10 years. 

Sciens private equity portfolio company.  You won't find many financials on them.  

Sciens private equity portfolio company. You won't find many financials on them.

Thanks... actually I may......

 

There is a new fund we have been looking into where this is right up its alley.

 

Thanks for the info.

 

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I work in a hedge fund and have trouble, other than debt issued, finding anything very useful. Hopefully you fare better.

I work in a hedge fund and have trouble, other the debt issued, finding anything very useful.  Hopefully you fare better.  

 

Finding more info on Colt? 

Finding more info on Colt?

 

Financials yes. I don't have anything other than curiosity.

Their BK filling should have more info.... but was thinking of contacting someone I know in a PE fund that deals in the firearms industry (perhaps to look at it as an acquisition). 

Financials yes. I don't have anything other than curiosity.

 

I'll check my sources at work tomorrow. 

I found some financial statements from the last time they issued debt. So 4q14 was the last one on there. If anyone is interested I can send pdf.

 

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Sure. [email protected] thanks

 

 

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Sure. [email protected] thanks

 

 

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Enjoy.

 

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I found some financial statements from the last time they issued debt. So 4q14 was the last one on there. If anyone is interested I can send pdf.

 

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That's what I mentioned earlier the only financials I could find were related to debt issuance. A lot has changed but interesting read nonetheless.

That's what I mentioned earlier the only financials I could find were related to debt issuance. A lot has changed but interesting read nonetheless.

 

 

You were right. We have large access to PE at work, so I'll ask the guys there if they have more recent.  

 

I'm also not sure a lot has changed.  Their #s looked bleak then and it was only a year ago.