Spike Camp

Cabelas

Cabelas
« on: December 03, 2019, 06:57:53 PM »
If anyone wants to know what happened to Cabelas they should watch the re-run of Tucker Carlson on Fox later tonight.

Re: Cabelas
« Reply #1 on: December 03, 2019, 07:02:40 PM »
I'm not going to be up for that, going to be up at 0400 for hunting, so could you please fill us or me in?  Thanks.
Nothing is better than a Weatherby, big bore magnum, or a Colt.

Re: Cabelas
« Reply #2 on: December 03, 2019, 07:26:33 PM »
According to Carlson an east coast money man bought 11% of the stock and immediately pushed the board of directors to sell the company.  The board held out for a while but they were afraid of this guy so the found a buyer.  When they announced the sale the stock nearly doubled and the money man sold immediately.  Wall Street praised his acumen for making something on the order of $5.5 B.  Sidney NE is devastated, but our guy made a fortune and put most of the wage earners in Sidney on the unemployment rolls.

Re: Cabelas
« Reply #3 on: December 03, 2019, 07:32:24 PM »
I just talked to a friend in PA and he was able to google the segment.   I just went to Fox News website and found it under breaking news.  Paul Singer, a major Republican donor runs a hedge fund.
« Last Edit: December 03, 2019, 07:39:08 PM by Dino82520 »

Re: Cabelas
« Reply #4 on: December 03, 2019, 08:36:37 PM »
Wouldn’t that be considered inside trading?
Chris Kiefner

NRA Life Member

Re: Cabelas
« Reply #5 on: December 03, 2019, 08:49:31 PM »
Have I missed something since I've been in Japan. I've been here since Sep 25th. What happened to Cabelas?

Re: Cabelas
« Reply #6 on: December 03, 2019, 09:01:41 PM »
Cabelas will never regain its former glory, Sidney Nebraska is devastated, but Paul Singer  made a fortune.  The end justifies the means.  Vulture capitalism at its finest.

eford

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Re: Cabelas
« Reply #7 on: December 03, 2019, 09:31:02 PM »
The end of the Cabelas we (or at least I) loved and respected started when Dick and Jim Cabela stopped having influence within the company. Once they passed, it was all about money money money.
A good friend worked for Cabelas before the Bass Pro buy out. He said he saw the sale coming for a long time as people were moved out of jobs and downsizing was getting more common.
Of all the gin joints in all the towns in all the world, she walks into mine.

Every man needs to know his limits.

Re: Cabelas
« Reply #8 on: December 03, 2019, 10:22:36 PM »
Not worth going in there anymore, the prices are way up, the sale prices terrible and now they offer more fancy clothes then hunting garments. I do most of my outdoor shopping at Scheels now.
Doug

Re: Cabelas
« Reply #9 on: December 04, 2019, 05:06:11 PM »
Wouldn’t that be considered inside trading?

I would think so.  How beautiful would it be to see him get jammed up for that and loosing all the money he made, or more accurately extorted/stole.
Nothing is better than a Weatherby, big bore magnum, or a Colt.

wby4ever

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Re: Cabelas
« Reply #10 on: December 04, 2019, 06:45:24 PM »
I have not bought from Cabela's or Bass pro since the takeover. I used to buy all of my hunting clothes from Cabelas. Never did like Red head crap!

Re: Cabelas
« Reply #11 on: December 05, 2019, 08:05:51 AM »
Saw this on Fox yesterday. Sidney, Nebraska is practically wiped out - the bottom fell out of home prices there and apparently a lot of people have to move away to find a job. Wouldn't be surprised if that slimy New Yorker is a buddy of Bloomberg.
Come and take it.

musicman

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Re: Cabelas
« Reply #12 on: December 05, 2019, 09:58:03 PM »
I too was going to say, that it sounded like something that Bloomberg or Soros would have done, just to "maim" a pro gun company.     I am old enough to remember the  tiny little "Cabela's" ads in the back pages of The American Rifleman and Outdoor Life magazines, selling fly fishing tackle.   MM   

Re: Cabelas
« Reply #13 on: December 05, 2019, 10:09:04 PM »
I was in Cabela's in Sidney about 2002. First time in any store like that. Was there for half an hour before I walked into the back end of the Elephant. :o

Got my son a K-bar skinning knife, he loves that knife.
Sad to here what has happened to Sidney since the sale of the company. :(
I can't tame wild women
But I can make tame women wild

Re: Cabelas
« Reply #14 on: December 06, 2019, 07:24:16 AM »
I don't understand, did the store in Sidney close after the sale and all those people lost their jobs? If the Cabelas is still open there how did this effect the city so much?
I love the smell of deer guts in the morning, it smells like...VICTORY!