I really love my job..in maintenance..iam so glad iam. BIG Sectors (coming soon) Learn more! Edwards says Roundhill is well fixed for capital with no bank debt. Remington Ammunition and Remington Firearms are now two separate companies. Latest one is less than 10 months old. Could have been later in WW2). Roundhill Investments. Jack in the Box Pops On Tasty Results, Robust Outlook, Wendys Price Firms After Sizzling Quarter And Juicy Outlook, Terran Orbitals New $2.4 Billion Contract is a Game Changer, From Betty Crocker to Blue Buffalo, General Mills Looks Strong, Cracker Barrel Stock: Range Bound, but High Yield For 2023, This Small Company Is Set To Drive Future Of Lithium Batteries, What Are Blue Chip Stocks? I heard. There isnt a gun manufacturer in East Tennessee at all actually since SCCY backed out of moving to Maryville (about 15 mins from Lenior City and Knoxville) last month. Seems that while many other companies have bought out their subsidiaries, Roundhill is the one buying Remington Firearms itself. BIG Sectors (coming soon) Learn more! Edwards, who no. Sturm, Ruger, & Co. bought Marlin firearms. Stick with 870s 1100s and 700s, imo. Do Not Sell or Share My Personal Information, 2022 Roundhill Financial Inc. All Rights Reserved. that would bring back.some moral. Hope they bring back the R51, and an R53 in .45ACP as well. Billions could be poured into exploration companies searching for new U.S. deposits. Is Roundhill Sports Betting & iGaming ETF a good dividend stock? And we've been opening new pathways to investors since 2018. Posted February 4, 2021 in Companies, Daily News, Pump, Shotguns by Pete with No CommentsTags: Illion, Remington, Roundhill Group, A NEW HOPE: Remington 870 Shotguns Begin Production March 1st. The standard response to whiner49er and his WV troll farm. How many tows/counties prospered because of Coumo let alone in spite of it? The Roundhill group is now forging ahead without him. SOME companieslike Remimgton? The new owners plan on opening the plant for maintenance next week and will begin production on March 1st. We create spaces that give real financial, social and sustainable value to both our partners and our customers. To see all exchange delays and terms of use please see Barchart's disclaimer. Part of the sale that has left some people scratching their heads is the sale of the "core" Remington firearms business to Roundhill Group, LLC. What other stocks do shareholders of Roundhill Sports Betting & iGaming ETF own? The move came after United Mine Workers of America and RemArms, the plants new operator, reached a letter of agreement that paved the way for reopening the plant. The Model 700 and Model 870 have claimed their rightful places among the best-selling firearms of all time. Theres enough companies making ARs and Glock clones. Lenoir City? The new owners of Remington, the Roundhill Group, have just obtained their Federal Firearms License (FFL) for the iconic Ilion manufacturing plant where the Remington 870 shotguns are produced. Mossberg got the nod on my recent shotgunm purchase, and Savage got top spot for the rifle. Especially since I qualified expert with a 308 at 500 yds. Estimated revenue for Roundhill is calculated by aggregating the estimated revenue of all Roundhill ETFs. . I took it too our local Certified Gunsmith of over 40 years. Read the latest news from Round Hill Capital and our affiliated businesses. Letters from the new owners making job offers to 200 former Remington employees starting in February raised concerns with the union, which questioned both the at will terms of the offer and the way the individuals were selected; the union contract requires that call-backs be based on seniority. Plans called for starting production with the Model 870 shotgun line. We offer opportunities to excel within a diverse team rich in talent and innovative ideas. same goes for s&w. They aint in it because they love hunting and/or firearms. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Its quite likely there isnt a person on Earth who can recall him at all. Round Hill Capital LLC ( RHC) is a fully integrated real estate investment and management company founded in Delaware, United States of America. The Roundhill Group is comprised of a group of individuals all of whom have years of experience in engineering, manufacturing and marketing both in and outside of the firearms space. Well, 30 rounders for the P89, but now Im up to 110 rounders for the 10/22. He said he doesnt want Roundhill or Remington to talk, he just wants them to do. Our members in Central New York have been through a lot the past year, Roberts said. The future of Remington guns has been uncertain since the company was split up and sold off last fall. Lets give them a chance. How much money does Roundhill Sports Betting & iGaming ETF make? The Press Release gives some information and, probably most importantly, their intentions with Remington seems real and genuine. If we are able to come to terms and we do build a new facility, we will consolidate everything in New York, which will bring the company back to 800 to 1,000 employees, eventually.. ETFs built for today's futurists Roundhill Investments offers investors and traders alike strategic investment products for their portfolios from thematics to factor-based ETFs. DEEP is distributed by Quasar Distributors, LLC. Italia reported early in January that Roundhill Group LLC had received its federal firearms license and the company was planning at the time for a March 1 startup. Roundhill Group, LLC as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit C with respect to the non-Marlin Firearms Business; and Huntsman . China is aggressively locking up mines and production. Is Stellantis Stock a Value Investors Dream? Provider of investment advisory services intended to offer investors targeted, pure-play exposure to the investment themes of tomorrow. Cerberus Capital Management. Thats been blown out of the water for years now. Yikes! Please Remington, Im a big fan, bring back the old 870, the real 700 s, those firearms could compete with Winchester the things thats came from your factory lately I will not buy, and thats sad. You and the stock holders win along with customers. Roundhill bought all of Remington's firearms business, except for its Marlin line, for $13 million in a bankruptcy sale. Finally, I looked closely at the scope base. Bill Rs statements before Congress. I rasped it down, floated and bedded it. Emerging markets involve different and greater risks, as they are smaller, less liquid and more volatile than more develop countries. Cookie Notice Have not heard anything one way or the other about treatment of employees. Theyll keep the Sturgis, South Dakota and Lenoir City, Tennessee facilities, too, and theyre in discussions with the city of Huntsville to maintain that newer production facility as well. While I do hope they can revive the brand keeping the Ilion, NY facility open may be a losing proposition. Cast parts or pot metal there really isnt much difference. Well, we have contacted nearly 100 dealers, friends and fellow gunsmiths to no avail! Remington's factory in Ilion, New York, was closed in October after 585 furloughed workers were abruptly terminated without severance pay. There's at least half a dozen companies making quality triggers that would be a better choice . R51, RM380 and R1 Executive Ultralight 45. Shut down in the aftermath of Remington Outdoors' federal bankruptcy filing and resulting auction last September, the New York factory along with a Tennessee-based pistol barrel plant was acquired. Roundhill Group LLC bought everything firearms that is non-Marlin. We intend to maintain, care for and nurture the brand and all of the dedicated employees who have crafted these products over the years for outdoorsmen and women both here in the USA and abroad. S&P 500 3,978.28 (-0.10%) . Explore moments from the firms history, discover how we're innovating in the real estate sector, learn more about our partnerships over the years, and our special connection with our customers. Hopefully they have the knowledge and skills to take Remington into the future. If you are interested call 605-341-5211 and ask for Mike Blote. Roundhill group, who bought Remington in Ilion last year, confirmed with NEWSChannel 2 that they received the license last week.The plan is to open the plant in Ilion on Feb. 16 for maintenance. For the most recent month-end performance, please call (855) 561-5728. I like the idea of vintage Remington, but will not buy any of their wares unless/until (1) entirely new management that knows what theyre doing takes the helm and (2) they get at least five years worth of positive reviews under their belt. Ex-Arctic Ranger. It is a handgun barrel factory in Lenoir City. Investments in foreign securities involves social and political instability, market illiquidity, exchange-rate fluctuation, high volatility and limited regulation risks. Have to say, have not had a single issue with it. View the best growth stocks for 2023 here. Roundhill Investments is a registered investment adviser and ETF sponsor focused on thematic and sector-specific investing. His reason for purchasing Remington Firearms: Remington, to me, represents the Harley Davidsons of the hunting firearms industry. Make quality firearms. Roundhill Group was one of seven buyers in Remington's bankruptcy sale. Overviews & Fees Performance Documents As of 02/24/2023 BIG ETFs - focused exposure to largest in sector companies. ROUND HILL SERVICES CORPORATION. A web site wherein Mr. Edwards probably never touched a gun 3.) NYSEArca - Nasdaq Real Time Price. Yea. All investing involves risk, including possible loss of principal. I can think of maybe 2 for the latter. For standardized returns, click the respective ticker above. I own one single Remington, which was manufactured about a decade ago. Im thinking if he studied under JMB or someone known, that would be in his pedigree. Storm Lake barrels is on 321 in Lenoir City. We help you own a share of it. Please read the prospectus carefully before investing as it explains the risks associated with investing in the ETFs. Sure they make ARs, but who buys em? Roundhill Group LLC has not filed any forms with the United States Securities and Exchange Commission. In-depth profiles and analysis for 20,000 public companies. A high-level overview of Meta Platforms, Inc. (META) stock. All investing involves risk, including possible loss of principal. I can appreciate polished steel and shiny wood. Sturm Ruger & Co. will get part of Remington's weapons business, with a $30 million offer, while Roundhill Group LLC is paying $13 million for other elements of the firearms-manufacturing. I have an R51, one of the last ones made and sold at a half price clearance. The Roundhill Group is made up of a group of people with years of combined experience in marketing, production, and engineering, both inside and beyond the realm of weapons. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. And I have not heard anything from Ruger about capacity since his time. Lets give them a chance. Stay with what made them, leave the new pistol a month for others to lose money on. I just want to one day in the near future, have the opportunity to buy an 870 that isn't rusted right out of the store. Roundhill purchased the Ilion operation minus the Marlin line along with the handgun barrel factory and auxiliary property in Lenoir City, Tennessee, for $13 million when Remington Outdoor Company's assets were broken up and sold in U.S. Bankruptcy Court in Alabama. No one expects anything but good things to happen, for instance, under Rugers stewardship of Marlin or Sierras marriage with Barnes Bullets. You basically have Barret and Beretta in the metro Nashville area and thats it these days. He has hunted all over the US and abroad. Roundhill Group LLC partner and spokesman, Jeff Edwards . Unfortunately gun people remember everything and forgive nothing. "As is known, Roundhill Group LLC and a group of experienced firearms manufacturing and hunting industry professionals are in the process of purchasing Remington Firearms. Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. There were all kinds of rumors and wild speculation about who they were and why this unknown group had bought the Remington branded firearms business. Well, considering the depths to which Remington has plunged, a good sales guy might be one of the people they need to MRGA. Furthermore, we are proud to still be evolving. This letter of agreement was a long time in the making, said UMWA International President Cecil E. Roberts. https://www.thefirearmblog.com/blog/2020/10/01/roundhill-group-purchases-remington/. Other than that, own an R51, which has worked perfectly so far. There is good & bad with all manufactures, deal with it. 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