Pennsylvania Firearm Owners Association
Results 1 to 4 of 4
  1. #1
    Join Date
    Jan 2007
    Location
    Reading, Pennsylvania
    (Berks County)
    Posts
    342
    Rep Power
    1204640

    Default 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,"
    Last edited by xotech; December 6th, 2015 at 12:16 PM.

  2. #2
    Join Date
    Jan 2007
    Location
    Pittsburgh, Pennsylvania
    (Allegheny County)
    Posts
    25,300
    Rep Power
    21474874

    Default Re: Could Bass Pro buy out Cabela’s?

    The beginning of the end?

    This sounds like Kmart buying Sears.
    WTB - Virgin AR15 STRIPPED LOWER needed (click for Classified)

  3. #3
    Join Date
    Jan 2007
    Location
    Reading, Pennsylvania
    (Berks County)
    Posts
    342
    Rep Power
    1204640

    Default Re: Could Bass Pro buy out Cabela’s?

    Quote Originally Posted by Emptymag View Post
    The beginning of the end?

    This sounds like Kmart buying Sears.
    Or when the one that shall not be named purchased Galyan's.

  4. #4
    Join Date
    May 2006
    Location
    127.0.0.1, Pennsylvania
    (Lancaster County)
    Posts
    17,601
    Rep Power
    21474867

    Default Re: Could Bass Pro buy out Cabela’s?

    Quote Originally Posted by Emptymag View Post
    The beginning of the end?

    This sounds like Kmart buying Sears.
    Don't know if it is or not, but I do know it's about the third time this same story has been posted.
    Rules are written in the stone,
    Break the rules and you get no bones,
    all you get is ridicule, laughter,
    and a trip to the house of pain.

Similar Threads

  1. Bass Pro in Harrisburg
    By 4XLT in forum General
    Replies: 10
    Last Post: April 20th, 2008, 06:44 PM
  2. bass boat
    By glockbull in forum General
    Replies: 1
    Last Post: December 28th, 2007, 01:04 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Local gun shops | Local shooting ranges | Philadelphia Shooting Ranges | Philadelphia Gun Shops | Pittsburgh Shooting Ranges | Pittsburgh Gun Shops