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Old 12-18-2012, 1:47pm   #1
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U.S. private equity firm Cerberus Capital Management is selling its investment in gunmaker Freedom Group, which makes a type of rifle used in a U.S. school massacre last week, following pressure from a major investor.

The California State Teachers' Retirement System (CalSTRS) said on Monday it was reviewing its investment with Cerberus in the wake of Friday's shooting in Newtown, Connecticut which claimed 27 lives, including 20 school children.

Cerberus to sell gunmaker after Newtown shooting - Business - US business | NBC News
Money talks.
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Old 12-18-2012, 1:48pm   #2
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Selling the investment, not giving it away, like to me.
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Old 12-18-2012, 2:02pm   #3
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More knee-jerk reactions. The massacre was the gun makers fault. Sell off our investment. Dumbasses.
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Old 12-18-2012, 2:22pm   #4
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What does this change?
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Old 12-18-2012, 2:25pm   #5
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More knee-jerk reactions. The massacre was the gun makers fault. Sell off our investment. Dumbasses.
Or are they predicting another assault rifle ban, and it's less of a loss to sell the company now, when it's only speculation vs once the ban goes into effect?
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Old 12-18-2012, 2:36pm   #6
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Did nobody read past the first sentence?

"The California State Teachers' Retirement System (CalSTRS) said on Monday it was reviewing its investment with Cerberus in the wake of Friday's shooting in Newtown, Connecticut."
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Old 12-18-2012, 2:44pm   #7
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Did nobody read past the first sentence?

"The California State Teachers' Retirement System (CalSTRS) said on Monday it was reviewing its investment with Cerberus in the wake of Friday's shooting in Newtown, Connecticut."
Bingo.

If 20 kids had been killed in a school bus crash, I doubt they'd be selling their stake in Bluebird.
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Old 12-18-2012, 2:46pm   #8
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Could be, but I don't see that law getting passed.

By the time it comes up for a vote enough time will have passed where a more rational discuss could take place.

IMHO.
The assault Rifle ban passed in 1994, if Obama can get Health Care through, I see no reason he won't get at a minimum the same 1994 law rammed through.

It is curious why a pension would be invested in a gun manufacturer whos main product was effectively banned in their state
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Old 12-18-2012, 2:49pm   #9
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The assault Rifle ban passed in 1994, if Obama can get Health Care through, I see no reason he won't get at a minimum the same 1994 law rammed through.

It is curious why a pension would be invested in a gun manufacturer whos main product was effectively banned in their state
Wait 'til they find they are heavily invested in Oil, Gas and Snack Foods.
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Old 12-18-2012, 2:50pm   #10
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It is curious why a pension would be invested in a gun manufacturer whos main product was effectively banned in their state
Because money talks.
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Old 12-18-2012, 9:48pm   #11
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You know there is a place for this OP....But then again I imagine you're just through.
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Old 12-18-2012, 9:52pm   #12
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Originally Posted by BuckyThreadkiller View Post
Bingo.

If 20 kids had been killed in a school bus crash, I doubt they'd be selling their stake in Bluebird.
...
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Originally Posted by BuckyThreadkiller View Post
Wait 'til they find they are heavily invested in Oil, Gas and Snack Foods.
NO...shocking.. maybe they should invest in those great companies tha t got .gov money for solar power...oh....wait..they are already bankrupt
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Old 12-18-2012, 9:57pm   #13
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Good news because Cerberus was buying up buttloads of brand name gun companies and considering their links to the people controlling barrack nothing good was theorized to be behind their motives.
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Old 12-18-2012, 11:17pm   #14
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Money talks.

Somehow I think that the gun industry will be just fine without them.
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Old 12-19-2012, 1:06am   #15
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Originally Posted by bierbelly View Post
Money talks.
Capitalism works but this tims the firm was forced to do this out of fear of retribution from the mob of tolerant leftists.

You are clearly anti gun despite what you may claim and i can see how you would celebrate this mob mentality Cerberus fears. You should share some kashi and toast a glass of yoyr finest zima with JC.
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Old 12-19-2012, 7:53am   #16
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Originally Posted by BuckyThreadkiller View Post
Bingo.

If 20 kids had been killed in a school bus crash, I doubt they'd be selling their stake in Bluebird.


Or pull their Money from Bain Capital or other "Vulture Capitalist" investment firms they love so much.

This is an opportunity for others to benefit financially from their knee jerk actions.
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