The latest Colt scuttlebutt

One thing is for sure: Colt is looking for a sugar daddy.

According to Jim Shepherd of "The Shooting Wire"  (unfortunately, an article available only to subscribers and not available as an independent Internet link), one possible buyer of Colt's Manufacturing Company LLC might have been STI:

"Other stories, including the sale of Colt, have dragged on longer than the Florida elections. Today, there's still no definitive resolution to the saga. An arbitrarily high valuation of the civilian side of the business ended that outright sale option in the Colt soap opera.

STI, the company that was ready to buy the civilian operation, has moved on, announcing upcoming production of a single-action revolver called the Texican. It will be aimed at the upper echelon cowboy action competitors, following the same model that has made STI's "race guns" major players in practical shooting.

With a highly successful, manufacturing-oriented business model, STI may, indeed, make a dent in the cowboy market - especially if STI contributes bonus money to cowboy action the way it has in practical shooting. The Texican may find its way into the holsters of the new generation of single-action shooters, despite the fact SASS has continually shied away from the idea of "win money" and sponsorships. STI's move into cowboy action may lead to the recognition that professional shooters exist in cowboy action."