AxleHub
Elite Member
It might not matter but could this be why prices are low?
http://www.omaha.com/money/prospect...cle_17c99d8e-a9f3-524b-971c-0642bbd9d56e.html
DevilDog
This is old news. Bass Pro and Dick's or Gander - none of them have the financial capacity to accomplish it according to numerous articles by wall street analysts. In fact Dick's csncelled all of their new store plans about 18 months or so ago and Gander is just coming out of chapter 11. Bass Pro isn't setting the world on fire and they'd love to have cabelas credit card business. The point is . . 5 years ago or less cabelas was 15.00 a share and rumored to be failing . . . Obviously at 40 to 45.00 a sre now . . they proved them wrong.
They lost money on tractors because of upfront development costs and marketing costs right at exactly when the tractor business in general was slowing down everywhere but scuts and the very small cuts.
Like many retailers from Macy's to Penny's to Walmart to sears or 50 others that are closing stores etc. Etc. . . the economy isn't what the government wants you to tbink. Cabelas like any good business realised they made a mistake anf are cleaning it up.