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October 20th, 2009
If you had purchased Ruger (RGR) or Smith & Wesson (SWHC) stock after the November election, you would have seen your investment grow almost three-fold. Ruger stock now trades at over $13.00 after hitting $4.52 last fall. If Remington, Bushmaster, Marlin and other Freedom Group companies “went public”, could they ride the coat-tails of Ruger and S&W, and succeed collectively as a publicly traded stock? Cerberus, a private holding company that controls the Freedom Group, apparently thinks so.
Cerberus Plans IPO for Remington and Freedom Group
A surge in gun sales has pushed the stock prices of major firearms manufacturers upwards. Will that trend continue? We can’t say. However, the money men at Cerberus Capital Management, which owns Remington, Bushmaster, Marlin, and other Freedom Group companies, have decided that the time is ripe to “go public” and start selling stock. According to a 10/19 report in the Wall Street Journal Blog, Cerberus plans an initial public offering (IPO) for its Freedom Group companies. The Freedom Group is comprised of Advanced Armament Corp., Bushmaster, Dakota Arms, DPMS, Eotac, H&R, L.C. Smith, NEF, Parker Gun, Remington Arms Company. Advanced Armament Corp. (AAC) is the latest addition to the Freedom Group collection, having been acquired just this month and placed under the Remington Military Products Division.
In its report on the pending Freedom Group IPO, the Wall Street Journal Blog cited AccurateShooter.com. When Cerberus acquired riflemaker DPMS in 2007, we wrote: “One positive aspect to Cerberus’ involvement in the gun industry is that the huge political clout Cerberus commands as the ‘rescuer’ of Chrysler Corp. should undermine efforts to ban AR-platform rifles. Cerberus is big enough to make waves in Washington. Money talks in politics and Cerberus has lots of it.”
Is the timing right for a gun-company IPO? The stock-market continues to move upward, and gun and ammunition sales remain very strong. On the other hand, the panic buying of black rifles has tapered off and AR-platform gun prices are now dropping back to “pre-panic” levels. Morever, at the end of each calendar year there are usually major stock sell-offs. That could drive down prices of Ruger and Smith & Wesson, which could dampen enthusiasm for a Freedom Group IPO. On the other hand Remington is an historic brand with a strong customer base, and Remington/Bushmaster are poised to take an increasing share of lucrative military contracts. With its new ACR (Adaptive Combat Rifle), Remington could well win the contract for the AR15’s replacement. And, even if the US military sticks with Stoner’s 50-year-old AR design, Bushmaster can fill that need, though it has strong competition from Colt and FN Herstal.
A cynical observer might say that Cerberus is simply looking to grab easy profits by “flipping” arms companies it acquired at fire-sale prices. Given the huge run-up in Ruger and S&W stock prices over the past 12 months, Cerberus may figure that investors will be hungry for Freedom Group shares. Right now may be the best time to take the Freedom Group public while gunmakers are still considered a “hot property” on Wall Street. In six months that could change.
October 19th, 2009
 From October 22-25, the 2009 USPSA Multi-Gun Nationals will be held at the Boulder Rifle and Pistol Club (BRPC) in Boulder City, Nevada. USPSA Multi-Gun matches are exciting events, with timed stages requiring shooters to engage multiple targets with pistol, rifle, and shotgun. Some stages involve all three weapons, while other stages may be for pistol only, shotgun only, rifle only, or two weapons, such as pistol and shotgun. All twelve stages in the 2009 event are illustrated in the USPSA Stage Map, a 12-page PDF file.
Shown below is Stage 10, “Dark Alley”, a Rifle + Shotgun + Handgun stage. Shooters fire 12 handgun rounds, 11 shotgun rounds, 18 rifle rounds plus 11 rounds shooters’ choice (pistol or shotgun) for a total possible score of 270 points. Fixed targets are: 12 Metric, 11 PP, 11 Clay Birds, and 6 Flashers. All targets must be engaged in a specified order, with a designated weapon (or shooter’s choice). As you can tell, these stage scenarios can be complicated, so it takes good planning and tactics to do well, in addition to accuracy and trigger-pulling speed.
Notes for Competitors
The round count is approximately 160 rounds of handgun, 110 rounds of rifle, 115 rounds of birdshot and 20 slugs. There are some targets that may be taken with your choice of firearms, be sure to bring some extra ammunition for each firearm for reshoots, extra shots, etc. Match directors have announced that BRPC will provide one of its 100-yard bays for sight-in on Thursday afternoon only from 1:00 pm to 5:00 pm. Squad schedules are now complete. CLICK HERE to download PDF squad schedule.
The official Match Hotel is the Sunset Station Casino & Hotel in Henderson, NV. The reserved block of rooms at the Sunset Station appears to have been filled. However, if you need a room at the match hotel and have been informed that the block is full, please email Matt Pickhardt (matt@uspsa.org) or call Matt at 360-855-2245 and he’ll get a room added for you. At this point rooms must be added individually to avoid USPSA being charged for rooms not used.
October 19th, 2009
 We received this news from Chip Lohman, Managing Editor of Shooting Sports USA.
Chip tells us that: “Beginning in January, 2010, NRA Tournament News will be distributed as a bi-monthly newsletter of NRA-sanctioned tournament schedules and local match results from the free online edition of Shooting Sports USA magazine. Subscribers who prefer delivery [via] their traditional mailbox may purchase an annual subscription for $15. To order, please call 877-NRA-2000 or send a check (made payable to NRA) to: NRA Tournament News, c/o National Rifle Association of America, PO Box 420674, Palm Coast, FL 32164-0674 and provide the following subscription code: M9KTNEWS.”
Chris adds: “We’re excited about this, but hard-pressed to get the word out to those who need it the most -– those without a computer. Please ask readers to pass the word.”
October 18th, 2009
This past week, Remington held a new products seminar in Kerrville, TX. While Remington tried to impose a “news embargo” through November 15, details leaked out about many of Remington’s new guns.
The big news is the planned release of a civilian, semi-auto version of the Adaptive Combat Rifle (ACR). The Guns and Hunting Blog “spilled the beans”, revealing that Remington plans to sell a semi-auto ACR in the civilian market, starting in the first half of 2010. Based on a Magpul prototype, the ACR has been under development for two years, as a collaboration between Bushmaster and Remington. Price for the civilian ACR is expected to be under $2000, considerably less than the FN SCAR, a similar weapon now being tested by the U.S. Military.
The civilian version of the modular ACR will likely sport a 16.5″, 1:7″ twist barrel standard. Multiple barrel lengths can be fitted (see diagram above), and barrels can be changed without tools. Remarkably the entire gun can be field-stripped down to six major components in under 90 seconds. The ACR features integral rails on top of the receiver and on the forearm. The buttstock adjusts for length and also folds back using a hinge at the rear of the receiver. The charging handle is non-reciprocating. Weight with a 14.5″ barrel (no magazine) is 7 pounds.
Adam Heggenstaller of Guns and Hunting reports: “The consumer version will be offered with a 16.5-inch barrel, but Bushmaster will also be making barrels with lengths of 10.5, 14.5 and 18 inches. The first version of the ACR will be chambered in 5.56×45 mm, of course, but since a tool-less disassembly allows you to change bolt heads, barrels and magazines, the ACR can be user-configured to run with other cartridges as well. Ongoing development will focus on the 6.8 mm Rem. SPC, 7.62×39 mm, a yet-to-be-disclosed 6.5 mm round and the .30 Rem AR.”
October 18th, 2009
The New England Disabled Sports Paralympic Biathlon Academy (NEDS) recently sponsored a paralympic biathlon event, hosted at the Pemigewasset Fish & Game Club in New Hampshire.
 At the biathlon, disabled shooters competed alongside able-bodied competitors. While this was a Paralympic Academy event, the biathlon competition was open to both disabled and non-disabled. There were multiple divisions to accommodate everyone: mountain bike, running, walking and wheelchair. All stages of fire were off-hand (no prone), to equalize the match for wheelchair-bound competitors.
 NRA’s Disabled Shooting Manager Vanessa Warner attended the event, competing from a wheelchair (though she is able-bodied). This helped her experience some of the challenges that face disabled shooters. Vanessa reports: “The wheelchair course consisted of five loops with four stages of shooting. We did a loop first and then shot. Shooting in the biathlon is very difficult because the athlete shoots with the same arms [used] to propel the chair. Shooting from a seated position is hard enough but doing so with arms that were already stressed is more difficult than one can imagine.
An offhand biathlon target is about the size of a tennis ball and is shot from a distance 50 meters. No easy task when tired, out of breath, and with a racing pulse. Competitors fired five shots at each stage. If you missed, you were assessed a time penalty. I hit all five targets in only one of the four stages and hit as few as two. The final loop was the hardest. My shooting was finished but I still had to get to the firing line. By then my arms were rubber and my shoulders cramped in ways I didn’t know possible.”
Following the biathlon, NEDS conducted a shooting clinic for people with disabilities, followed by a short target competition. Jeff Krill was the champion with a 100-7X score.
Photos and story courtesy NRABlog.com.
October 17th, 2009
The Editor Speaketh: For the past two and a half years, every day I’ve prepared new Daily Bulletin postings for you guys. Rain or shine, without a single day off — 956 days in a row to be precise. But today’s my birthday, and, well, I decided to take a day off and go shooting.
Don’t fret — so dedicated readers don’t go through Bulletin withdrawal, here are quick links to some of our “Greatest Hits” from 2009 — the coolest videos and the most interesting stories. For each item, click the blue link to read the full, original story. NOTE: when you get to the bottom of the page, click “Older Posts” for even MORE Greatest Hits!
As for me … I’ll be sending some lead downrange.
Greatest Hits: Anschutz Photo Shoot Video — Babes ‘N Arms”
Great-looking blond handling state-of-the-art German firearams. What’s not to like?
October 17th, 2009
LINK: Ten-Minute Masterpiece of Slow-Mo from Kurzzeit
Werner Mehl of Kurzzeit.com produced a 10-minute video for the 2009 Shot Show. When syndicated via YouTube, this video became an internet phenomenon. It has been watched over 1.42 million times! Employing cameras that deliver up to 1,000,000 (one million) frames per second, Mehl’s bullet flight video has been called “astounding”, “mesmerizing”, and a “work of art.” If you haven’t seen it yet, sit back and enjoy!
October 17th, 2009
LINK: Make Your Own Swivel Bipod Adjustment Handles
Save $15-20 by assembling your own easy-adjusting bipod handles with components from T-Nuts.com.
October 17th, 2009
LINK: March 33-55x52mm ‘Eyepiece Zoom’ Scope
This is a revolutionary new high-magnification scope, with the zoom in the eyepiece. It provides all a BR shooter could want… from 100 to 1000 yards.
October 17th, 2009
LINK: Savage Long-Range Rifle 1169-yard Shot
You have to love a company that demonstrates the accuracy of its product at 1169 yards. Cool video indeed.
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