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