Colt Snake guns

[SHC286]

Colt has returned the Cobra, King Cobra...
And the Python is coming back this year!
Quite a while back, Colt had even released a statement saying they were never returning to production wheel guns. That was back when the 44 Magnum Anaconda was barely still available as a custom shop gun.

The 357 Magnum Python is one of my dream guns. I've always wanted one since the first time I handled one. I think I was 7 or 8.

This is HUGE for me. They are supposedly going to be better than the originals.

Can't wait to get my hands on one. A friend of mine already has one ordered, along with a King Cobra Target model. I'm so jealous. Once my next job starts (should be the end of this month, but I've heard that line before), I'm gonna set aside some money and I have two guns that need to go up on the auction block. One's a hunting rifle I'm sure I'll never use, the other is an automatic that I can't rack the slide on anymore.

[SteveTX]

Wasn't long ago Colt was in deep financial poopoo. Hope they learned from it. Possibly the guns you speak of will be a help. Nostalgia and guns go hand and hand. 

[fishballer06]

Wasn't long ago Colt was in deep financial poopoo. Hope they learned from it. Possibly the guns you speak of will be a help. Nostalgia and guns go hand and hand. 

They were never in financial trouble. They just stated that they were discontinuing making semi auto rifle (AR's) for the time being to focus on other "more profitable" sections of their business.

These wheels guns are exactly what we all assumed they meant.

[SHC286]

I never heard anything about financial trouble. I assumed those sweet government deals were keeping them well afloat.

[SteveTX]

They were never in financial trouble.

Google Colt bankruptcy.   

That is why it made news when the iconic gun manufacturer filed for bankruptcy in June 2015. In its bankruptcy filing, the company said it was unable to pay the hundreds of millions it owed to dozens of creditors. Colt missed a payment of $10.9 million to holders of senior bonds only one month earlier. The company sought bankruptcy protection to meet all of its obligations to customers, vendors, suppliers and employees while it restructured its balance sheet.

source https://www.investopedia.com/articles/markets/071315/why-colt-went-out-business.asp

[fishballer06]

Google Colt bankruptcy.    source https://www.investopedia.com/articles/markets/071315/why-colt-went-out-business.asp

Hmm...

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[SHC286]

I had no idea. And I definitely had no clue their rifle contract went out in 88. My first two issued rifles were Colt's, in '02 and '03, the M16A2. And we got NEW Colt M4's in my unit in '04.  In '04 we also got new M16A4's made by FN. I was issued the M249 SAW ("woops"y All the Way) in 2003 made by FN.  Shortly after I'd been issued the Colt M16, my platoon sergeant realized we needed another light machine gunner. Being a boot PFC, I got the supreme honor of lugging around that 20 pound beautiful beast.

Then Colt landed that contract for new 1911's for Force Recon at a price of around 4K per unit...  I never actually looked at their financial news.