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7 members (Roundsworth, NCTarheel, Researcher, Jtplumb, Jimmy W, 1 invisible),
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Apr 29th, 2024
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Joined: Dec 2001
Posts: 3,964 Likes: 89
Sidelock
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OP
Sidelock
Joined: Dec 2001
Posts: 3,964 Likes: 89 |
Just heard this morning on CNBC that Bass Pro Shop is preparing an offer to buy Cabelas. Nooooooo! If it happens there goes the little competition that is left in the industry.
When an old man dies a library burns to the ground. (Old African proverb)
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Joined: Aug 2003
Posts: 2,936 Likes: 16
Sidelock
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Sidelock
Joined: Aug 2003
Posts: 2,936 Likes: 16 |
I hope they will not sell! Bobby
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Joined: Dec 2001
Posts: 6,994 Likes: 402
Sidelock
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Sidelock
Joined: Dec 2001
Posts: 6,994 Likes: 402 |
If the sale goes through I worry about the guys working in the gunrooms. Bass-Pro just closed all of the ones they had.
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Joined: Nov 2006
Posts: 3,437 Likes: 34
Sidelock
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Sidelock
Joined: Nov 2006
Posts: 3,437 Likes: 34 |
I have not ordered anything from Bass Pro in 15 years, but I order from Cabela's on a regular basis. I doubt that I will be buying from them if Bass Pro acquires Cabela's. I suspect I'm not alone.
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Joined: Jan 2006
Posts: 9,427 Likes: 315
Sidelock
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Sidelock
Joined: Jan 2006
Posts: 9,427 Likes: 315 |
Cabela's stock fell significantly in Oct. after the Sept. 3rd quarter report, and 4% of corporate employees were released, but is up more than 8% today with the Bass Pro news. http://quotes.wsj.com/CAB I can't find a report regarding which Cabela's stores are most profitable, but believe Kansas City, KS and Glendale, AZ have done well.
Last edited by Drew Hause; 11/05/15 04:27 PM.
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Joined: Jan 2002
Posts: 2,178 Likes: 43
Sidelock
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Sidelock
Joined: Jan 2002
Posts: 2,178 Likes: 43 |
Yikes! I'd rather take a beating than enter a Bass Pro Shop.
Fortunately we have a couple of Academy Stores in town.
Dodging lions and wasting time.....
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Joined: Feb 2002
Posts: 1,087 Likes: 1
Sidelock
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Sidelock
Joined: Feb 2002
Posts: 1,087 Likes: 1 |
It's an interesting time for Cabelas. Just days ago an activist investor announced they had an 11% stake in Cabelas and wanted some changes to boost the stock price. The Cabela family still owns a 24% stake in the company so they may be able to get other share holders to vote with them, but who knows. I hope they weather this.
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Joined: Feb 2006
Posts: 3,735 Likes: 53
Sidelock
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Sidelock
Joined: Feb 2006
Posts: 3,735 Likes: 53 |
For quite a while and still might be, the most profitable store was the Hamburg, PA. store. It is over 250,000 sq. ft.
It is 4 miles from me.
David
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Joined: Mar 2005
Posts: 5,021
Sidelock
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Sidelock
Joined: Mar 2005
Posts: 5,021 |
Seems Cabela's stock is trading right around $40.00 dollars per share isn't that in line or above average with the rest of the retail industry?
I always thought opening up so many of those huge brick and mortar stores was a mistake.
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Joined: Feb 2002
Posts: 520
Sidelock
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Sidelock
Joined: Feb 2002
Posts: 520 |
I still remember the ORIGINAL Herter's. sniff, sniff.
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