Plans called for starting production with the Model 870 shotgun line. ROUND HILL SERVICES CORPORATION. Still cant believe the rat hole Remington went down and the subsequent bankruptcy and break up. Lancaster, PA Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. That would be a pretty silly way to introduce yourself to your newly acquired workforce hi we own the company now just so you know we plan to shit can you all and close this facility down you know they cant say that even if they are open to the idea and since the article does say they are in talks with the facilities in Alabama and TN to reopen them ASAP, they obviously see the value in being in friendly territory. Shares of BETZ stock can be purchased through any online brokerage account. ILION, N.Y. The company that now owns the Remington Arms assets in Ilion has obtained its federal firearms license. Billions could be poured into exploration companies searching for new U.S. deposits. I wish these guys luck and hope they succeed. They are all life-long hunting advocates and staunch Remington brand loyalists. Do Not Sell or Share My Personal Information, 2022 Roundhill Financial Inc. All Rights Reserved. They bought the manufacturer Ironhorse firearms, which itself is only a couple years old. These include risks related to investments in small and mid-capitalization companies, which may be more volatile and less liquid due to limited resources or product lines and more sensitive to economic factors. From a post on SBG Media: Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. Roundhill Group, LLC filed as a Domestic Limited-Liability Company in the State of Nevada and is no longer active. Round Hill Capital LLC operates as a real estate private equity firm. During the Great Depressions, Remington was again sold off, this time to DuPont. Real-time analyst ratings, insider transactions, earnings data, and more. Remington Outdoor Company ( ROC) was an American firearms manufacturer and holding company. and our Current performance may be lower or higher than the performance data quoted. More than anything, we want to make Remington a household name that is spoken with pride.. I own a mid 60s vintage Model 700 in .25-06 and an older Police Model 870 and they are both reliable and well made guns. I dont hate fudds or their guns. Stick to 700s and 870s. They have been the driving force that has led to this day, and I could not be prouder of them.. With this acquisition have come many industry . For unlimited access to her stories, please subscribe or activate your digital account today. Dance like the leashed chimps you all are. Roundhill Sports Betting & iGaming ETF's stock is owned by a number of retail and institutional investors. Skip to main content. Compare Top Brokerages Here. You basically have Barret and Beretta in the metro Nashville area and thats it these days. One was the Roundhill Group LLC, which bought Remington's non-Marlin firearms business for $13 million, a deal that included two factories. Emerging markets involve different and greater risks, as they are smaller, less liquid and more volatile than more develop countries. I rasped it down, floated and bedded it. One of these investor groups who buy/sell outdoor equipment and gun manufacturers. I work at First Stop Gun in Rapid City, SD and I think we have some Dakota 7mm brass. 2.) Roundhill Group LLC partner and spokesman, Jeff Edwards addresses these issues: As is known, Roundhill Group LLC and a group of experienced firearms manufacturing and hunting industry professionals is in the process of purchasing Remington Firearms. A few even feverishly wondered if it was actually a stealth move by Michael Bloomberg to buy up the remains of a gunmaker on the cheap and shut it down. Round Hill Capital LLC - Company Profile and News - Bloomberg Markets Bloomberg Terminal Demo Request Bloomberg Connecting decision makers to a dynamic network of information, people and. An Overview of Blue Chips. I dont need nor want yet-another-AR15 manufacturer among the myriad of them (but if they want to try they are welcome to), but I wouldnt mind seeing some other modern rifle or shotgun designs. 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. This proud tradition that began with Eliphalet Remington's first hand-built rifle in 1816, continues today through RemArms. For all other registered brokerages, contact them directly to invest. I hope Roundhill is for real and turns it all around. Since then, BETZ stock has increased by 14.6% and is now trading at $16.40. But they never gave up, they never gave in, they never wavered from their determination to fight for their jobs and their union. The. They are targeting March 1 for production to begin. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. . Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. I own one single Remington, which was manufactured about a decade ago. We have called back approximately 45 employees as of this week that along with the 20 management people that have been back for several weeks now, Richmond Italia, a managing partner for the Roundhill Group Inc., owner of RemArms, the plants new operator, said in an email. Americas oldest gun maker. Roundhill Acquirers Deep Value ETF (DEEP) Stock Price, News, Quote & History - Yahoo Finance U.S. markets open in 6 hours 15 minutes S&P Futures 3,977.00 -11.00(-.28%) Dow Futures 32,836.00. Most of the former Remington employees are members of UMWA Local 717. There contact information is 605-343-8481 and ask for Becky. According to WKTV Channel 2 Utica (NY), maintenance will begin on the plant in mid-February in preparation for the March 1 restart. In 1888, the first of many acquisitions of the company took place and the company was renamed Remington Arms, Co. That changed again in 1918 to Remington UMC (Union Metallic Cartridge). Do everything possible to help employees relocate. Maybe with new management with hunting roots they will understand to manufacture of guns such as a good 410, 28, 20 and 12 gauge guns like they always did and resurrect the 3200 in such gauges. Sorry, not sorry Ruger, Bill stabbed gun owners in the back while testifying before Congress, and some WILL NOT FORGET! Remington in my opinion is the best gun maker ever. Estimated revenue for Roundhill is calculated by aggregating the estimated revenue of all Roundhill ETFs. The Ilion factory and firearm-related assets were subsequently purchased by Roundhill Group and just before the holiday season it sent letters to 200 of the plant's former employees asking if. With this acquisition have come many industry questions and rumors. Please contact me at (208)682-5667 to update the status of repairs at which time I will supply my serial number for the rifle in question. Haha I love 30 mins away. Also, they need to leave NY in the rearview once and for all. Lets give them a chance. Remington has always been there for the hunters, Whereas I kept the Rugers and bought true high capacity 30 round mags for them to give the finger to Bill. These include risks related to investments in small and mid-capitalization companies, which may be more volatile and less liquid due to limited resources or product lines and more sensitive to economic factors. They make barrels for Remingtonbecause Remington bought them. DraftKings (DKNG) Surges Post Earnings: ETFs in Focus, Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) Trading 1.4% Higher, Super Bowl LVII: Americans May Be Replacing Investing With Sports Betting, Roundhill Taps Direxions Mazza to Lead ETF Strategy, These Gambling ETFs Are Poised for Growth in a Postpandemic Era. Get The Latest DEEP Stock Forecast, Price Target, Dividend Info, and Headlines at MarketBeat. Ilions fix? But you just go RIGHT on correcting comments online you total moron. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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. You cannot invest directly in an index. Yea. And a 541. Model 700 PCR Roundhill Group LLC Purchases Remington Firearms, Model 870 Express Trap Roundhill Group LLC Purchases Remington Firearms. Effectively deploying insights, technology, talent and new ideas. Roundhill bought all of Remington's firearms business, except for its Marlin line, for $13 million in a bankruptcy sale. 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. Who are Roundhill Sports Betting & iGaming ETF's major shareholders? Bring Remington back from the Pit. Roundhill Group, which bought the factory in a sale supervised by a U.S. Bankruptcy Court judge in September, obtained its federal firearms license in January, giving it the right to. Too many other good, proven options out there.. I took it too our local Certified Gunsmith of over 40 years. 4.) How do I buy shares of Roundhill Sports Betting & iGaming ETF? Top institutional investors include Janney Montgomery Scott LLC (0.32%) and Blue Bell Private Wealth Management LLC (0.04%). Roundhill Group LLC bought everything firearms that is non-Marlin Sierra Bullets LLC bought Barnes ammunitions Sturm, Ruger, & Co. bought Marlin firearms JJE Capital Holdings LLC won DPMS, H&R, Stormlake, AAC and Parker brands Franklin Armory Holdings Inc. won Bushmaster brand and some related assets Sportsman's Warehouse Inc. won the Tapco brands In the end, Remington made a lot of 1911s for the next couple of war efforts. The letter formalizes language between the union and RemArms that recognizes the UMWA as the hourly employees collective bargaining agent when they return to work, establishes a recall process for more former Remington workers to be called back, and sets up a 60-day time frame for the parties to begin negotiating a full collective bargaining agreement that will be in effect upon ratification, according to a statement released by the union. The company's services include focusing on thematic and sector-specific investing by creating thoughtful investment products designed to assist investors in expressing their vision of the future . >3,000. Its quite likely there isnt a person on Earth who can recall him at all. Past performance does not guarantee future results. View which stocks are hot on social media with MarketBeat's trending stocks report. The only thing I ever had to complain about with Ruger was Bill Rugers peculiar notions about capacity. For more information, please see our Roundhill Group partner, Richmond Italia, said the company plans to bring back 200 employees by the first day of production. Enjoy that TDS. Roundhill Sports Betting & iGaming ETF is a equity fund issued by Roundhill Investments. In our article published a few days ago about the Remington assets being dividedRoundhill Group, LLC was mentioned as one of the successful bidders. Bills dead, in case you hadnt heard. Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) has a market capitalization of $130.73 million. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. There's at least half a dozen companies making quality triggers that would be a better choice . Owners of Remington I am looking to procure/purchase a particular shotgun that was manufactured previously. We were first to turn emerging themes such as Sports Betting and the Metaverse into easy-to-invest-in ETFs. The barrel channel in the stock looked like the grand canyon. Market performance is determined using the Primary Exchange official closing price. Remington Outdoor Company filed for bankruptcy last July and announced in October that it was terminating the employment of 585 workers at its Ilion plant effective Oct. 26, and cutting off all their health care and other contractual benefits on Oct. 31. Remington innovation was always ahead of its time, as evidenced by a rich history and long line of legendary firearms. Why not bring this gun back. What Remington is all about.i just want to say lets make Remington great again..Ill still be here to help. Please read the prospectus carefully before investing as it explains the risks associated with investing in the ETFs. Remington started as a barrel straightener, not as a firearms manufacturer. Sign In. I live in Rapid City, SD and we have a company called Jacks First Gun Parts that deals in all kinds of gun parts. 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. He has held positions with leading outdoor companies such as GunBroker.com, Hoyt Archery, Defiance Machine and others. Former management seemed intent on fleeing the high tax and organized labor state of New York for friendlier climes in the south. All of them bought maybe 30-40 years ago, and have never had a problem with any of them. I watched them with my sons, and guess what, they will not own a Ruger product also. For more than 200 years, Remington firearms have been forged from the untamed spirit that will always define the American spirit Revolutionizing an industry. The union immediately began fighting that decision, and local union workers and supporters conducted several rallies calling for the company to live up to its agreement. If Roundhill can do that if they restore Big Green and their venerable products to the place of pride they once enjoyed that will be a big plus for Americas gun-buyers and for the industry as a whole. He tried to perform a temporary fix in time for Christmas. And they intend to keep producing firearms in Ilion, New York, where the company has been operating since 1816. In his role as Chief Strategy Officer, Dave will oversee the firm's product development, capital markets, and research functions as the company seeks to expand its fund lineup into additional categories. Roundhill Group LLC acquires Remington. Learn more . Jun 30, 2021, 09:00 ET. 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. Ive a 1903 Springfield made by Remington in 1938, sporterized likely in the 1950s. 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. www.remingtonoutdoorcompany.com. yep. We offer opportunities to excel within a diverse team rich in talent and innovative ideas. It is the first step toward re-establishing a normal relationship between the union and the operators of that plant, one that will allow the professional craftspeople who have built firearms in Ilion to return to doing what they do better than anyone., He added: There is more to do here. Our members in Central New York have been through a lot the past year, Roberts said. 7065(b); Memorandum of Points and Authorities and Declarations of Scott . There are are other companies too. BIG ETFs - focused exposure to largest in sector companies. BIG Sectors (coming soon) Learn more! When I asked him if there was a message hed like to convey to the gun-buying public Edwards declined. Its the only gun I own that has failed mechanically on its own, and is actually at the gunsmiths shop right now for a major repair. Legal Disclaimer But for the most part, all their guns have been mostly hunting focused. Get daily stock ideas from top-performing Wall Street analysts. Remington made the best pump shotgun of all time, remington model 31. The reason they failed is because they neglected their core products to chase after cheap big box store sales and tactical markets with subpar junk. For standardized returns, click the respective ticker above. I can't seem to find much on them, but does anyone know if they're had experience with other firearm manufacturers in the past, or if they have a track record of successful enterprises? https://www.thefirearmblog.com/blog/2020/10/01/roundhill-group-purchases-remington/. The company needs product to sell, and we fully understand and support that. Well, we have contacted nearly 100 dealers, friends and fellow gunsmiths to no avail! Not even close to being a firearm. Spot on. View the best growth stocks for 2023 here. Find the latest Meta Platforms, Inc. (META) stock quote, history, news and other vital information to help you with your stock trading and investing. Still own several 700s. You can follow any responses to this entry through the RSS 2.0 feed. Yikes! Finally, I looked closely at the scope base. Why? Makers of quality products that gun buyers can be confident in after years of ownership and mismanagement by pencil-necked finance types with no grounding in the gun business. The company's principal address is 117 Eisenhower Blvd, Lancaster, PA 17603. Recover it here. That alone will be a big change for Big Green. But who exactly are these guys? Round Hill Capital Residential Real Estate S Explore moments from the firm's 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. Stick with 870s 1100s and 700s, imo. He works Monday, and Wednesday thru Saturday. RELATED STORY When the winning bidders for the major business lines of what was once the Remington Outdoor Company became known last month, most of the acquirers were quite familiar to the gun community. Roundhill Investments is a registered investment adviser and ETF sponsor focused on thematic and sector-specific investing. To see all exchange delays and terms of use please see Barchart's disclaimer. Eh, I mean traditionally, Remington has always been more of a Fuddy company. I heard. What you smoking? Thatd be as good of a place as any to draw the proverbial line. 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. Funds investments may be non-diversified, meaning its assets may be concentrated in fewer individual holdings than a diversified fund and, therefore, more exposed to individual stock volatility than diversified funds. Only the R51 had issues, the other two are wonderful. Unlike the Cerberus Capital wrecking crew who looked at Americas oldest gun maker and the other well-known brands it acquired as a finance play and eventually drove the company into the ground under a crushing debt load, the acquirers have successful track records producing popular, reliable products that are favorites of consumers. Roundhill Investments is shuttering its Pro Sports, Media and Apparel ETF (NYSE: MVP) just over a year after its launch, because the stock fund failed to gain traction among investors.The company announced the sports fund will be liquidated April 8, along with another ETF focused on streaming services. By creating a free account, you agree to our, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges. Roundhill Group Acquires Remington Big Green's Ilion, New York, manufacturing facilityalong with its barrel-making plant in Lenoir City, Tennesseehas been sold to Roundhill Group, LLC for $13 million. In short, Edwards and Roundhill want to make Remington great again (our words, not his). But the U.S. is about to strike back with a forceful plan of action to increase domestic production. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. 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 outdoors men and women both here in the USA and abroad. There are still guys who will drive 500 miles out of their way to spit on the grave of the long dead Bill Ruger for admittedly dumb things that he said over 30 years ago. "Effectively the funds in both cases failed to gather meaningful assets under management . Could you please have someone contact me please. We love our job and Remington. Roundhill Acquirers Deep Value ETF's stock was trading at $30.1858 at the start of the year. Investment company Roundhill Group acquired the historic Remington brand of guns, for $13 million. 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. Former Head Trader at Yorkville Capital Management, Former Fixed Income Trader at Wells Capital, Former Institutional Sales at Morgan Stanley, Vanderbilt University (BA 11, MSF 12), Former Head of ETF Investment Strategy at OppenheimerFunds, Former Head of ETF & Mutual Fund Research at State Street Global Advisors, Suffolk University (MBA 15), Boston College (BA 05), Former Director of Growth at FreshProjects, Former Co-Founder and Director of Strategy at BridgeCollective, University of Cape Town (BBusSc '00, Honors), Former Director of Research at Ball Metaverse Research Partners, Former Senior Analyst and Team Leader for Bloomberg Intelligence, University of Michigan Stephen M Ross School of Business (BBA '13), Former Head of Trading & Information Security at Lucerne Capital Management, Former University of Minnesota QB Manager, University of Minnesota (BS 17), University of Southern California (MSL 18), Roundhill Investments
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