Cabelas sold to Bass Pro??!!
- Thread starter cnelk
- Start date
cohunter14
Administrator
- Jul 10, 2017
- 5,332
X2...doesn\'t make much sense to me.\"Ol\' Arky\" said:
cohunter14
Administrator
- Jul 10, 2017
- 5,332
Here\'s another article: http://www.charlotteobserver.com/sports/other-sports/article44262768.html
I sure hope it doesn\'t happen. Not much of a fan of Bass Pro. Their prices seem way higher on a lot of items.
I sure hope it doesn\'t happen. Not much of a fan of Bass Pro. Their prices seem way higher on a lot of items.
i hope not, i live 5 miles from the bp hq. i dont buy anything there cause they are so high, and generally dont have what i want anyway. with that said, cabelas is high also. i wish they would cut back on advertising etc and pass the savings along. i got 4 sale mags from cabelas this week.
Seems I read somewhere (can\'t find it now) that there was a bit of a hostile takeover ... buyers picked up a majority of Cabelas stock and then unified to set their own agenda, i.e. sell.
Sales for Cabelas have been down, and the stockholders have rightly been worried.
I suspect that they\'ll run Bass Pro as a \"Flagship\" and Cabelas as a \"Blue Collar\" line.
Sales for Cabelas have been down, and the stockholders have rightly been worried.
I suspect that they\'ll run Bass Pro as a \"Flagship\" and Cabelas as a \"Blue Collar\" line.
TTT
It seems to be true now. I noticed this when I checked the stock market update.......
Market Update
.
.
8:33 am: S&P futures vs fair value: -3.50. Nasdaq futures vs fair value: -4.10.
The S&P 500 futures trade three points below fair value.
In company specific news, Cabela\'s (CAB 63.30, +8.37) has jumped 15.2% in pre-market trade after Bass Pro Shops agreed to acquire the company for $65.50 per share. The deal is valued at approximately $5.5 billion and marks a 19.0% premium from Friday\'s close.
I hope Cabelas prices don\'t go up much. Bass Pro is a little high on some things in my opinion. Time will tell.
It seems to be true now. I noticed this when I checked the stock market update.......
Market Update
.
.
8:33 am: S&P futures vs fair value: -3.50. Nasdaq futures vs fair value: -4.10.
The S&P 500 futures trade three points below fair value.
In company specific news, Cabela\'s (CAB 63.30, +8.37) has jumped 15.2% in pre-market trade after Bass Pro Shops agreed to acquire the company for $65.50 per share. The deal is valued at approximately $5.5 billion and marks a 19.0% premium from Friday\'s close.
I hope Cabelas prices don\'t go up much. Bass Pro is a little high on some things in my opinion. Time will tell.
cohunter14
Administrator
- Jul 10, 2017
- 5,332
Dang, hate to hear that. Here\'s an article about it: http://www.bloomberg.com/news/artic...-to-be-bought-by-bass-pro-in-5-5-billion-deal
I wish I\'d had a lota Cabelas stock before the sale 
cause I wouldn\'t have near as much after it went up 15.2 %... :mrgreen: :mrgreen:
I hate to see them merge but I haven\'t bought anything from either in several years due to slow order processing and shipping problems... :downthumb: :downthumb:
cause I wouldn\'t have near as much after it went up 15.2 %... :mrgreen: :mrgreen:I hate to see them merge but I haven\'t bought anything from either in several years due to slow order processing and shipping problems... :downthumb: :downthumb:
