They bought the manufacturer Ironhorse firearms, which itself is only a couple years old. Thank you, I have owned many Remington firearms in my life. Roundhill Sports Betting & iGaming ETF, Receive BETZ Stock News and Ratings via Email, February 19, 2023|americanbankingnews.com. Remington made the best pump shotgun of all time, remington model 31. Edwards says Roundhill is well fixed for capital with no bank debt. www.remingtonoutdoorcompany.com. Investment company Roundhill Group acquired the historic Remington brand of guns, for $13 million. Our Team With this acquisition have come many industry questions and rumors. But they never gave up, they never gave in, they never wavered from their determination to fight for their jobs and their union. Remington started as a barrel straightener, not as a firearms manufacturer. https://www.wktv.com/content/news/Roundhill573553701.html. But who exactly are these guys? DuPont held onto the company until 1993, when it was sold to an investment firm. Always ready to increase my collection of modern semi-automatics, optics, thermals and suppressors. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. This letter of agreement was a long time in the making, said UMWA International President Cecil E. Roberts. Model 700 PCR Roundhill Group LLC Purchases Remington Firearms, Model 870 Express Trap Roundhill Group LLC Purchases Remington Firearms. 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. One of these investor groups who buy/sell outdoor equipment and gun manufacturers. 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 will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is. The Huntsville plant couldnt make it with Bushmaster, DPMS, AAC and (rimfire) Marlin working in it. I believe they are talking about Springfield Armory and Rock River trying to cut themselves a sweetheart deal here in the once great state of Illinois. Emerging markets involve different and greater risks, as they are smaller, less liquid and more volatile than more develop countries. Could have been later in WW2). This is Remington Country. 7065(b); Memorandum of Points and Authorities and Declarations of Scott . The new owners plan on opening the plant for maintenance next week and will begin production on March 1st. Round Hill Capital LLC operates as a real estate private equity firm. 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. Nearly 600 Remington employees have been terminated as of today, losing their health care benefits and severance, according to the workers union. How wonderful for the employees that have dedicated their lives to Remington. Being from NY, I do hope they dont turn Ilion into just another upstate industrial ghost town. No one expects anything but good things to happen, for instance, under Rugers stewardship of Marlin or Sierras marriage with Barnes Bullets. Replaced it with an Italian built Beretta 92. 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. His reason for purchasing Remington Firearms: Remington, to me, represents the Harley Davidsons of the hunting firearms industry. Carefully consider the investment objectives, risks, charges and expenses of Roundhill ETFs before investing. An investment company called The Roundhill Group LLC purchased the Remington firearms factories last fall for $13 million. I have exhausted all of my avenues. Too many other good, proven options out there.. https://www.thefirearmblog.com/blog/2020/10/01/roundhill-group-purchases-remington/. Outside of my lone 870, doubt Id ever roll the dice on.a Remington again. Leave the 1911s and ARs to the 9,000 other companies not making any money in an over super/saturated market. Only the R51 had issues, the other two are wonderful. Remington Outdoor Company filed for bankruptcy last July and announced in October that it was terminating the employment of 585 workers at its Ilion plant effective Oct. 26, and cutting off all their health care and other contractual benefits on Oct. 31. Who Owns Roundhill Group LLC? US$ 18.9 million [1] (2016) Owner. Have been wrong before. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost. New York, NY 10011. Merry Christmas, We were first to turn emerging themes such as Sports Betting and the Metaverse into easy-to-invest-in ETFs. I wonder why all the videos of Bills testimony have disappeared from the internet. Roundhill Group, LLC is an investment firm located in Virginia, and that's almost all we know about them. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Full circle. As long as they vote pro-2A and dont make backroom deals with antis like SOME companies.. Roundhill Sports Betting & iGaming ETF is a equity fund issued by Roundhill Investments. Please log in to your account or sign up in order to add this asset to your watchlist. We are pleased that UMWA members will soon be going back to work at the plant, if the company holds to its expected timetable. Email her at donna@timestelegram.com. He works Monday, and Wednesday thru Saturday. 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. Social Media Disclaimer Uh JMB has been dead for nearly 100 years. BIG ETFs - focused exposure to largest in sector companies. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Stocks of gun-makers are found primarily in small cap ETFs. Not exactly, she told me if I would send in the rifle, I would get $300 off the cost of a new rifle.??? Instead, we look at the best combination of sector, country, city, asset type and investment structures, to ensure we are creating the most value for everyone involved. Bills dead, in case you hadnt heard Not even close to being a firearm. Roundhill Sports Betting & iGaming ETF's stock was trading at $14.31 at the beginning of the year. You basically have Barret and Beretta in the metro Nashville area and thats it these days. So the new bunch of pencil-necked investors is better than the old bunch of pencil-necked investors because hunting! Cookie Notice Wearing Mr. GA hats would just confuse everyone. You can follow any responses to this entry through the RSS 2.0 feed. Id rather they focus on something else. Get The Latest DEEP Stock Forecast, Price Target, Dividend Info, and Headlines at MarketBeat. Something tells me hes just a sales guy. Remington Outdoor Company ( ROC) was an American firearms manufacturer and holding company. Roundhill Group partner, Richmond Italia, said the company plans to . 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. Papa David, Learn more . Since then, DEEP shares have increased by 10.7% and is now trading at $33.43. Investors doing business as the Roundhill Group purchased the Remington-branded gun-making business, including operations in Ilion, New York, and Lenoir City, Tennessee for $13 million. At Remington Ammunition, we're here for everyone who loads a round of ammo into a handgun, rifle, or shotgun. I work at the plant that makes the wood products. They are all life-long hunting advocates and staunch Remington brand loyalists. A high-level overview of Meta Platforms, Inc. (META) stock. I purchased a Remington 700 7mm mag in 2020. S&P 500 3,978.28 (-0.10%) . DEEP is distributed by Quasar Distributors, LLC. Based on aggregate information from My MarketBeat watchlists, some companies that other Roundhill Sports Betting & iGaming ETF investors own include DraftKings (DKNG), NVIDIA (NVDA), Boeing (BA), QUALCOMM (QCOM), Alibaba Group (BABA), Walt Disney (DIS), Netflix (NFLX), PENN Entertainment (PENN), Pfizer (PFE) and Johnson & Johnson (JNJ). I work for Remington arms. Some tactical trims of their shotguns. My house is Remington country, I just found out about the demise of our countrys oldest firearms company. 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. Wasnt Cuomo calling them non-essential and not allowing them to work, even when they volunteered to switch to making PPE? Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) pays an annual dividend of $0.09 per share and currently has a dividend yield of 0.58%. And weve been opening new pathways to investors since 2018. Our vision is to create long-term financial and social value by building thriving communities around real estate. Round Hill Capital LLC ( RHC) is a fully integrated real estate investment and management company founded in Delaware, United States of America. How do I buy shares of Roundhill Sports Betting & iGaming ETF? Get daily stock ideas from top-performing Wall Street analysts. But the U.S. is about to strike back with a forceful plan of action to increase domestic production. Remington's factory in Ilion, New York, was closed in October after 585 furloughed workers were abruptly terminated without severance pay. I rasped it down, floated and bedded it. You and the stock holders win along with customers. Roundhill Group, LLC filed as a Domestic Limited-Liability Company in the State of Nevada and is no longer active. All investing involves risk, including possible loss of principal. They are all life-long hunting advocates and staunch Remington brand loyalists. 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. The barrel channel in the stock looked like the grand canyon. BIG Sectors (coming soon) Learn more! Ive sold a total of ONE firearm in my life, a P89. Loaded in Lonoke, Arkansas by American workers, our wide array of pioneering sporting and hunting ammunition promises to get the job done every time the trigger is pulled. I live in Rapid City, SD and we have a company called Jacks First Gun Parts that deals in all kinds of gun parts. Edwards has been at places like Easton, Hoyt, Defiance Machine and Gunbroker. There is good & bad with all manufactures, deal with it. For standardized returns, click the respective ticker above. *** JJE Capital Holdings, LLC owns Palmetto State Armory. When I couldnt seem to get a decent grouping, I put it in the vault and forgot about it. For more than 200 years, Remington firearms have been forged from the untamed spirit that will always define the American spirit Revolutionizing an industry. His said everything looked great and said he would order that and the other parts around it just to make sure our young man had no troubles going forward. 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