We better open up our own businesses in Sidney in a couple of months, either that or start selling drugs.
http://nypost.com/2016/06/02/gun-loving-wall-street-firms-close-in-on-cabelas/
6 replies (most recent on top)
This company hasn't been firing like a company looking to keep their valued and talented employees working for the next guy. They've blanket-fired departments and let go of talent. That kind of move could derail the sale of a business, if the business had any hopes of continuing on from the current state and not just starting from scratch.
Anyone who would have the finances and passion to pull the company private is also in a position to see where the company stands. It's not healthy. It's been cut and carved down to nothing, and the people cuts have been bad decisions if they want to keep the company going. It isn't a company anyone would want privately at this point. A takeover for market share is the only thing that makes sense.
Taking the company private might be the only way to keep it in Sidney..... It would take private equity.
Is this why we have the pop in share price today? Volume is very high also.
Also Elliott Management has less than 9 percent stake in Cabela's according to the 10 K form on investor relations site.
Cabela's has more than 27 stores and NY Post never gets it right. If true it it not good for Sidney or Nebraska.