Thread regarding Bass Pro Shops layoffs

It's only going to get worse...

Go back and look at what we borrowed to purchase Cabelas. According to news stories we borrowed 2.4 Billion from Goldman Sachs and a private equity firm to buy them.
Those bills have to be paid, no matter how bad sales get. So i think we will cut advertising, marketing, building boats and of course we will cut a lot of people to save the company. I hope I'm wrong.

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Post ID: @OP+14ooUPEs

3 replies (most recent on top)

I think sales are good enough right now to help but I’m terrified of this holiday. If it’s anything like 08 than things will get bad.

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Post ID: @1Qhcz+14ooUPEs

Your right it was a mistake should have let them sink in their own arrogance. Then we could have bought them for pennies on the dollar.

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Post ID: @5zzd+14ooUPEs

I think you are right, we took on too much debt, cabelas was a sinking ship and we took it on, we are doomed.

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Post ID: @1uqo+14ooUPEs

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