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Escape From New York: Remington Arms Flees South
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Jerry Falwell Offline
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Post: #1
Escape From New York: Remington Arms Flees South
http://www.fool.com/investing/general/20...-arms.aspx

Quote:Less than two weeks after gunmaker Beretta beat feet out of Maryland following the state's adoption of restrictive gun laws, another firearms manufacturer is chosing to vote with its feet and abandon a state harboring animosity toward gun freedoms.

Remington Arms has called Ilion, N.Y., home since its founding in 1816, employing some 1,200 people in the process, but when it builds a new manufacturing facility with some 2,000 new jobs it won't be in the Empire State where they're created, but rather the Heart of Dixie, Alabama, that will reap the bounty.

...

Even the big guns in gunmaking, Sturm, Ruger (NYSE: RGR ) and Smith & Wesson Holding (NASDAQ: SWHC ) , are taking hardcore stands on the issue. Ruger will be making its first major expansion in 25 years not in Connecticut, where it's been located since 1949, but in North Carolina, and both Ruger and Smith & Wesson will stop selling semiautomatic weapons in California because of that state's newly enacted law requiring "microstamping," the embedding of a unique code on a gun's firing pin that gets "stamped" on a bullet casing when fired.

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02-17-2014 11:23 AM
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Smaug Offline
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Post: #2
RE: Escape From New York: Remington Arms Flees South
They're not officially shutting down in NY, but when the Huntsville shop opens, it will be almost twice the size of the NY shop, with many of the NY jobs moving south, so draw your own conclusions.
02-17-2014 12:02 PM
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Jerry Falwell Offline
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RE: Escape From New York: Remington Arms Flees South
The South Will Rise Again.
02-17-2014 12:05 PM
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SumOfAllFears Offline
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RE: Escape From New York: Remington Arms Flees South
Now that Remington is leaving NY, I'm sure the NY Nanny state elected officials expect crime and gun violence to go down. The jobs do not matter, they should be congratulated as they must have succeeded in preventing another Sandy Hook. Chalk it up to the power of big gov't.
02-17-2014 12:09 PM
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LSU04_08 Offline
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RE: Escape From New York: Remington Arms Flees South
(02-17-2014 12:05 PM)Jerry Falwell Wrote:  The South Will Rise Again.

BOOM!
02-17-2014 12:09 PM
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smn1256 Offline
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RE: Escape From New York: Remington Arms Flees South
A lot of items aren't manufactured in New York but still manage to end up there. The criminals will still find a way to get their hands on what they want.
02-17-2014 12:13 PM
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HeartOfDixie Offline
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RE: Escape From New York: Remington Arms Flees South
They are still going to build crap.
02-17-2014 12:18 PM
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Smaug Offline
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RE: Escape From New York: Remington Arms Flees South
(02-17-2014 12:13 PM)smn1256 Wrote:  A lot of items aren't manufactured in New York but still manage to end up there. The criminals will still find a way to get their hands on what they want.

They'll blame the south for arming their criminals while losing sight of the fact that they're THEIR criminals.
02-17-2014 12:41 PM
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Jerry Falwell Offline
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RE: Escape From New York: Remington Arms Flees South
(02-17-2014 12:18 PM)HeartOfDixie Wrote:  They are still going to build crap.

My 870 Supermag 12ga has dropped many boatloads of ducks and turkeys and only jammed once in 5000 rounds.

Crap? Hardly.
02-17-2014 01:02 PM
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GoApps70 Offline
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Post: #10
RE: Escape From New York: Remington Arms Flees South
Should have done this prior to 1861.
02-17-2014 01:03 PM
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HeartOfDixie Offline
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RE: Escape From New York: Remington Arms Flees South
(02-17-2014 01:02 PM)Jerry Falwell Wrote:  
(02-17-2014 12:18 PM)HeartOfDixie Wrote:  They are still going to build crap.

My 870 Supermag 12ga has dropped many boatloads of ducks and turkeys and only jammed once in 5000 rounds.

Crap? Hardly.

Mostly talking about their ammunition.
02-17-2014 01:57 PM
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