Analysts see several reasons for Colt's slide to bankruptcy

By Stephen Singer Associated Press HARTFORD, Conn. — The bankruptcy being sought by Colt Defense was fueled by missteps with gun owners, a misreading of the police firearms market and a fall in gun sales to the public after an initial spike several years ago, analysts and industry observers say. But a major blow to the 179-year-old gun maker was the plummeting revenue from government contracts …
Source: Police Updates
Analysts see several reasons for Colt's slide to bankruptcy