Search found 3 matches

by Soccerdad1995
Mon Jun 20, 2016 10:26 am
Forum: Gun and/or Self-Defense Related Political Issues
Topic: Academy, You're Fired!
Replies: 57
Views: 13888

Re: Academy, You're Fired!

Rhino1 wrote:While I've shopped at Academy many times, don't understand why anyone would buy a gun from them. Last time I considered it, they don't remove the trigger locks. Can't imagine ever buying a gun without feeling the trigger.

Too many other sources for anything else I need. Taking the off my "acceptable customer list".
The last 10 guns I bought, I did so without feeling the trigger. They were all internet purchases......
by Soccerdad1995
Fri Jun 17, 2016 9:24 am
Forum: Gun and/or Self-Defense Related Political Issues
Topic: Academy, You're Fired!
Replies: 57
Views: 13888

Re: Academy, You're Fired!

Personally, the more concerning Academy decision is the development of a database of customers who buy "a lot" of ammo for "assault" weapons. I probably could have dealt with a temporary removal of AR's from display, but the data collection efforts sealed my decision to stop buying from Academy. Fortunately, there are still some other good alternatives out there.
by Soccerdad1995
Fri Jun 17, 2016 9:17 am
Forum: Gun and/or Self-Defense Related Political Issues
Topic: Academy, You're Fired!
Replies: 57
Views: 13888

Re: Academy, You're Fired!

anomie wrote:
steveincowtown wrote:Not sure what the path your going down is supposed to mean, but yes they do have investors, but no they do not have shareholders.
It's sort of an irrelevant point, but being privately held and not having shares and shareholders are not the same thing. I have owned shares in a non-public company (I owned them because I exercised option grants that if I hadn't exercised would have expired, and I figured I'd rather be out $x if the company never went public than regret letting them expire if the company did go public. Which turned out fairly ok in the end, but made doing my taxes a PITA the year the company went private again after it had gone public a couple of years earlier) . Whether or not Academy has shares will be based on whether or not the investment company that owns them *wants* Academy to be set up so that it has shares, and if those shares aren't publicly traded the only people that would be able to easily determine if there are shares or shareholders would be those private shareholders - which, if Academy does have shares, may be in fact be just the company that owns them. And if they do have private shareholders, those private shareholders may have essentially zero pull with respect to what the company does.

This concludes your daily dose of pedantry. :mrgreen:
Short answer - if Academy is structured as a corporation (including an LLC, S Corp, etc), then they have shares and also have shareholders. I am willing to make an educated guess that they are almost certainly structured as a corporation for various purposes including legal liability and the ease of the current investors to liquidate their investment on the back end by potentially going public.

But I think the original point is that Academy has fewer owners to answer to since they are privately held. That is true regardless of how Academy is structured.

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