Tough Times Continue at Colt, as the Gun Company Restates Its Financials

Colt AR-15 semi-automatic rifle Photograph by Karen Bleier/AFP via Getty Images

In a May Bloomberg Businessweek feature article titled “Why Colt Can’t Shoot Straight,” I chronicled the strangely persistent financial woes of America’s famous firearm manufacturer. Now there are new troubles at the company’s West Hartford (Conn.) headquarters.

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