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KBI/Charles Daley has gone out of business.

Discussion in 'GSSF' started by Quiet, Jan 29, 2010.

  1. Quiet

    Quiet Casino Goon

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    :crying:

     
  2. gordo993

    gordo993

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    Damn!! I really wanted a CDD M4LE but never could find one when I was ready to buy. I ended up "settling" on a Rock River. I'm happy with my rock, but this sucks!!
     

  3. crazymoose

    crazymoose Nonentity

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    There goes the Tavor.
     
  4. DNA

    DNA

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    damn.

    Dan
     
  5. DoubleWide

    DoubleWide

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    They say they were going to have an update about it. Unfortunately, this is it. :crying:
     
  6. kirgi08

    kirgi08 Watcher. Silver Member

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  7. RMTactical

    RMTactical Battle Born CLM

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    This is not good news. :(
     
  8. unit1069

    unit1069

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    I almost bought a Charles Daly Hi-Power copy several years ago, until the shop owner told me it was going to be discontinued. Glad he mentioned that as it seemed to be a pretty good replication of the Browning at about 1/3rd the price.
     
  9. iweb

    iweb

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    Crap I was going to send in a CD shotgun for repairs, guess I waited too long. For sale: CD shotgun collector!
     
  10. SouthpawShootr

    SouthpawShootr NRA Life Member

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    They were good quality shooter-grade guns. The unfortunate fact was that CD upgraded that pistol and increased the price to the point where a great $300 gun became a $500-550 gun without anything to put it over guns in that price range (Glocks, mostly but also S&Ws and Sig's excellent SigPro). So, at that price point, they weren't going to blow off the shelves but they did move. Then FEG either went under or exited the firearms business and effectively discontinued it. Not really more than a couple years after CD began marketing it. Mr. Kassnar stated on my forums that the gun would have still been in the lineup if FEG hadn't stopped producing it. He's seemed to have a very bad time with suppliers these last few years. First, FEG, then the Armscor dispute, now this (final straw) with BUL. Might have been too much, I don't know.

    I have a KBI imported FEG Hi-Power copy and, for the $300 I paid for it NIB, it is nothing short of outstanding. Not worth $500 in my opinion - too many small flaws in the finish - but definitely a deal at anything $400 and under. I looked at and handled a CD Hi-Power when they first came out. The local shop had one. It stayed in the case for a couple of years. The price during that time remained at $499 and after a few months of handling and in and out of the safe daily, it started to show wear on the finish (not the manufacturer's fault - primarily the monkeys working in the shop). After a year it was looking a bit......used and the shop's gunsmith refinished it but the price didn't come down. Finally, it sold. Some people didn't like the sights, some didn't like the billboard on the side. I probably would have bought it somewhere in there after the refinish or maybe picked up a NIB one but no dealer seemed to be buying them.
     
  11. GVIFlyer

    GVIFlyer Senior Member

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    Looks to me like Charles Daly-KBI was an import company that ran out of suppliers.
     
  12. Quiet

    Quiet Casino Goon

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    IWI had a deal with KBI/Charles Daley to sell the Jericho 941 series of handguns in the USA and was setting up KBI/Charles Daley to produce the Tavor in the USA.
     
  13. big68

    big68

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    It is a shame. What is Walmart gonna carry now?
     
  14. 82ndVet

    82ndVet

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    Does this mean that stock will be pulled off of shelves in the gun shops? Or would they perhaps keep it up until sold...maybe even a slight markdown on the prices...? :dunno:
     
  15. mteagle1

    mteagle1

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    Good Golly Molly, does that mean my 10 year old 1911 clone is going to be worth more than the $300 I paid for it because it is now discontinued. Or will it go the way of the Edsel and Plymouth and Pontiac.
     
  16. 82ndVet

    82ndVet

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    Correct me if I'm wrong...but I'm looking at Bud's - CD shotguns...Been a couple of weeks since I looked at them last, but I do believe that they have marked them UP $30 or so....:headscratch:
     
  17. 8-Ball

    8-Ball Old Soul

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    I have a CD AR-15. Damn good gun, this is a shame.
     
  18. BHP9

    BHP9

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    They went out of business about 25 years ago too.
     
  19. SouthpawShootr

    SouthpawShootr NRA Life Member

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    I doubt it. That merchandise has already been sold. First the distributor buys it from the manufacturer, then the dealer from the distributor. CD got their money from these long ago. You could see a slight mark down, but dealers can really only go down to cost unless they're going out of business themselves and need to liquidate inventory to pay the creditors.

    What will likely happen is whatever CD had in it's own remaining inventory will be quickly sold to distributors - at attractive pricing - to cover whatever they can. These lower cost liquidations will compete with what's already out there and dealers may have to either swallow a bitter pill or just ride out the firesale.

    I don't know if this is a bankruptcy or just going out of business. If the bankruptcy court is involved, the assets are going to be in possession of the court for a month or two until the final liquidation. If no filing was involved CD simply needed to get rid of their remaining inventory, sell any other assets, pay whatever else they owned, turn in their licenses. they could close and walk away. That last rarely happens with any company of size though. I don't know what kind of condition KBI/CD was in before this, so who knows what steps are going to be taken.
     
  20. SouthpawShootr

    SouthpawShootr NRA Life Member

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    Some dealers might take that route. They're gone! Never to be made again, etc. Bullsnookies. CD didn't make any of them. They're imports, somebody else will pick up the ones that are worth picking up, other stuff you won't see again unless a new importer contractually agrees to carry a whole line - with some stuff they normally would buy.