Its truly sad to see an American icon go. But they really did it to themselves. At one time my gun safe held nothing but Remingtons. Now however all I have in there is a 870 Super Mag I use for waterfowl. Their firearms way back when were quality guns. Then they experienced a downfall in quality for a while which IMO really hurt them. Then trying to save themselves came out with a few pieces of junk supposedly to be more affordable. Now they have started to put some quality back into their firearms but the scar still remains. The 700 in all its models is still a fine firearm albeit there are better out there for the price they are charging. The 700 action is second to none which is why many customs rifles are built around it.
I surely hope someone buys them and they again start back to building more American legends!