One has to ask how much of the company "debt" is the new owners borrowing money as the company to pay off the short term loans they used to buy it in the first place. Or if there was an employee pension fund what is it currently invested in?
Reason I ask the second question is local Michigan insurance company was purchased by a larger east coast insurance company. The purchaser immediately converted the fully funded defined benefit employee pension portfolio into one entirely invested in the east coast company stock as they migrated it to a 401k plan. Some fully or mostly vested employees were required by law to get their defined benefit but it took some pushback to make it happen. Buying the company stock is essentially giving the purchasing company the cash in the pension plan portfolio.
Don't know if Remington got A&P treatment but that could explain the new facilities. A&P grocery owned the stores and property that they sold groceries from, they took a hit from Wal-Mart but were still profitable. They were purchased by an "investment" company that then split the company into a real estate holding company and a grocery company that had to lease the stores from the real estate company. Sucked every dime of profit and more out of the grocery sales so that company had a tax loss, took profits from real estate company as investment income. In the end A&P went broke, the real estate was sold off. The "investors" got the proceeds of the sale. So one might want to find out who really owns the new Remington facilities. Leased from self is a good way to loot a company while preventing yourself from getting a hair cut in the bankruptcy.
It would be good if they could restructure, and in the process maybe sell off some assets to more successful firearms oriented companies. As opposed as people that would invest in any business that offered the chance to make a buck through sales or some other process.
Have to agree the market is semi-saturated. But that doesn't mean dried up, it simply means one has to be able to make a profit on a reduced market or grow the market with innovative or new products. Glock didn't invent auto loaders, it made one that even people who owned a pistol already wanted to have. Inline black powder has become a significant market that did not exist when I was a young man.