This is what happens to a great company when the MBA bean counters get control. Colt's problems started just after WWII, when Colt became a corporation, and firearms was just a division. Every year or so, a new president rode into town, and had to show the upper management he was doing something. This is why we had guns introduced, canceled, re-introduced, canceled forever, then re-introduced again.
Coupled with the most bitter labor dispute possible, this set them up to fall.
This Warton/Harvard Master of Business crap destroyed any number of companies. The MBA therory is: Ignore EVERYTHING except the financal bottom line. Everything else, (especially the production side), will take care of it's self. This is why any number of companies showed a Quarterly profit, right up to the day the Marshals put a lock on the door.
I hope they come back, I miss my new Colt's.