Could Bass Pro buy out Cabela’s?

http://www.theolympian.com/news/busi...e47976615.html

"Cabela’s Inc., under pressure from activist investor Elliott Associates to pursue a sale, has started exploring strategic alternatives to enhance shareholder value."

"Investors in the company have suggested that Cabela’s also could sell its credit-card business, which has almost $5 billion in loans, or its roughly $1 billion in real estate holdings."

"Cabela’s shares rose 2.1 percent to $47.89 at the close in New York. The stock has fallen 9.1 percent this year."

"Cabela’s revenue and profit growth have sputtered recently. A surge in gun sales in past years has abated, and the company said in October that “significant weakness” in its fall apparel and footwear offerings contributed to disappointing third-quarter earnings and sales.
Less than a week after Cabela’s reported those results, Elliott disclosed an 11 percent stake in the company and said it would push for a shake-up.
Cabela’s was co-founded by brothers Richard and Jim Cabela in 1961. Richard died last year, and Jim, in his mid-70s, serves as chairman.
The company has 77 stores, all in the U.S. and Canada,"

The beginning of the end?

This sounds like Kmart buying Sears.

Quote:

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Originally Posted by Emptymag

The beginning of the end?

This sounds like Kmart buying Sears.

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Or when the one that shall not be named purchased Galyan's.

Quote:

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Originally Posted by Emptymag

The beginning of the end?

This sounds like Kmart buying Sears.

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Don't know if it is or not, but I do know it's about the third time this same story has been posted.