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Cabelas circling the bowl???...


growalot
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A pioneer owner passed away a while back.

 

The real driver is that an activist investor convinced themselves that they had a target for takeover and bought double-digit % of the stock - steering them toward a private sale (BPS) and a boatload of profits.

 

Obviously the stock prices had to be prime for the investor to act, but this is truly the reason why. It gives perfect examples of why cash on hand for companies is a good thing to buyback stock to elevate the price when its artificially low for some reason and be able to prevent takeovers.

Edited by phade
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And yet here  is crappy old Gander Mountain somehow keeping their doors open. Well anyways, now there are no shortages of big box outdoor stores. The competition is fast and furious and we hunters are the beneficiaries. We do still have crappy old Gander Mountain, and soon a brand new Bass-pro, and the great Field & Stream store, and Dick's now over here in Western NY. Life is good!

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