Wow, what a thread. Just about everything I could think of has already been said. I might add that S&W is still selling revolvers (don't know how many) that aren't too different from those of a hundred years ago. I know, they went to the "short action" in the late forties, which immediately produced an artificial demand for the discontinued "long action" revolvers. Some experts at the time declared the old ones were better.
I for one do not think such Colts as are available at the moment are overpriced, unless you compare them with Springfield Armory or Thompson, and the Colts are much better. They are altogether different than most others, so the comparison is more difficult. I also miss their line of .380 models, both the pre-war and the post-war, though the post-war models were much nicer to shoot. Anyway, the Colts I have had were all better than the Springfield Armory or Thompsons, but I never had one of the more expensive competitors or a double action Colt automatic.
Elmer Keith used to complain about Colt, too, saying they should have brought out a modernized single action (like Ruger). Would they have sold?
I don't think Colt is a publicly held company. I used to own some Colt stock but they basically went private about 20 years ago.
Another thing is that a company doesn't have to be a "gun company" to make a gun. Glock proved that but during WWII, several companies manufactured 1911's that had never manufactured firearms before. The design is another matter, however. I also take to heart the comment about "should I shoot it?" as applied to various models. I understand why they make them (to sell!) but both Colt and especially Winchester have manufactured a lot of commeratives and so has S&W.
Maybe the market for firearms isn't as huge as we think it is.