“Colt Curse” since the 1830’s.
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Given that our commander in chief is a surprisingly decent firearm salesman, it’s a little odd that one of America’s most prolific gun manufacturers might soon be facing an agonizing financial death. But, that’s exactly where Colt’s Manufacturing Company is headed if things don’t change drastically.
It takes a very specialized form of failure for a gun company to miss out on the President Obama-inspired run on guns, the “assault weapon” craze of the 2000s, and the proliferation of concealed carry in the 1990s, but that’s exactly what happened. And, worse, this isn’t Colt’s first foray into fiscal failure.