I can buy that. The Foremost Bank arm of Cabelas is extremely profitable and I was cringing about Capital One assuming it. I don't like dealing with Pacific Rim call centers and agents with heavy accents..Why I dropped my Capital One card in the first place.
I also heard the SEC is not too comfortable with the Cabelas / Bass Pro merger and was probably going to disallow it.
With Gander going down the crapper and Dicks in bad shape, it might be in Cabelas best interest to stand pat anyway.
Gun sales have pretty well tanked post Obama anyway. Think that is one big thing that scuttled Gander. Gander put a lot of eggs in the gun basket and the basket developed a hole in the bottom.
The best gun salesman, Barak, is no more and rep-laced with a pro 2A president. That took care of the record profits gun manufacturers were making and the related accessory market (scopes, ammo and hardware also took a dump.
I have no Cabelas stock (that I'm aware of) and don't really want any. The outdoors market is unstable right now.
Bad for you, good for me if, I wanted anything, which, I don't.
Everything you said is 100% true, from what I know. The small gun shops are dying right now. Many have already gone belly up. This past winter was the slowest "busy season" I can remember. I have the shooting range and the RV storage to help with cash flow, but little gun shops have seen their cash flow come to a screeching halt. All gun shops are hurting bad right now. I've had my place for sale since before the election - I saw the writing on the wall back then. Plus, I just don't have the time to put into it any more. It's priced cheap, for someone looking to get into it.
If the big boys are having trouble, you know the little guys are hurting too.