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Think that was the story they tried to peddle but the bankruptcy proceedings revealed they took large loans and put funds in some sort of investment enterprise that was not Ellett Brothers.

mrvmax wrote: ↑Thu Sep 26, 2019 11:27 am

Scott B. wrote: ↑Thu Sep 26, 2019 9:21 am I disagree. Unhealthy businesses fail while others grow. It sucks for their employees, but the consumer won't notice a thing (unless you collect S&W revolvers and that's a smaller and smaller group).

Acusport closed also, I forgot that one. Les Horton May have offered a lot of one offs but the others had a wide variety of sporting goods and I’m not certain we can assume all four were unhealthy businesses. If you have insight into each of their financials please share with us. That could be the case but I don’t know.

We don't have to assume anything, they closed. They didn't keep up with the market. Didn't adapt. Had a bad business plan. Whatever. The fundamental reasons don't really matter. Happens daily regardless of the industry. Down business cycles sort the wheat from the chaff, and we're not even into a slump - yet. Check the restaurant or bar biz, those are brutal closure rates.

I talk to my distributors regularly, some weekly. My primary distributors are in a growth period. Others are hungry. Lately I've been hit up a bunch of new ones or old ones trying to expand.

I disagree. Unhealthy businesses fail while others grow. It sucks for their employees, but the consumer won't notice a thing (unless you collect S&W revolvers and that's a smaller and smaller group).