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The strike began in 1985.
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And Colt discontinued the majority of their old DA revolver line in 1986. We have seen what labor unions can do to companies. Hostess is one of the more recent examples.
S&W was also struggling during this time period.
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I think in the 60's and 70's a lot of people thought of the Ruger kinda like they think of the Taurus now.
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I was one of them. I was never impressed with their semi auto 22 during the early years. Use of the terms sheet metal completely turned me off even considering buying one. It wasn't until the GP-100 was released that I gave Ruger a try. They have earned their reputation in the handgun market.
Now I am waiting for Taurus to up their QA/QC and consistantly produce a high quality product. Then they can begin to move up into the ranks of Ruger and S&W with revolvers.