Thread: Cabelas Gone???

Originally Posted by jigflinger

I'd say, hold your horses. The link clearly states that it is the Billings Montana store this story is coming from. If there was any fact in it, it would come out of Sidney, Nebraska.

The response in Sidney wasn’t so positive.

Sen. Ken Schilz of Ogallala, whose district includes the Sidney home of Cabela’s, said people across Nebraska should be worried.

If the headquarters were to move or if it were significantly downsized, Schilz said, “it would be devastating to rural Nebraska. Sidney was the one bucking the trend. Sidney was the one showing, ‘Hey, small towns can work. If something would come to pass where Cabela’s was no longer part of that equation, then tell me how we’re going to rehabilitate rural Nebraska?”

Schilz said he had contacted Cabela’s Chief Financial Officer Ralph Castner “in the first minutes” after activist investor Elliott’s involvement became public last week, but at the time, the company was taking a “wait-and-see” approach. Castner hasn’t returned The World-Herald’s calls for comment and the company hasn’t publicly commented on the Elliott stake.

Since then, Schilz said he hasn’t heard anything from the company, but he tried to contact representatives again on Thursday afternoon.

Schilz said he has met with Gov. Pete Ricketts, Sen. Heath Mello of Omaha and Sen. Galen Hadley, the speaker of the Legislature, about what the state might be able to do to assist. No specific incentives have been offered.

“We wanted to make sure we weren’t just throwing stuff out there,” Schilz said. “We need to know whether there’s anything that we can do, and then once we figure that out, we can figure out what it is.”

Ricketts had a second conversation with Cabela’s Chief Executive Tommy Millner Thursday morning before the news about Bass Pro Shops came out, said the governor’s spokesman, Taylor Gage.

“The governor has offered any assistance the State of Nebraska can provide as the company works to become more competitive,” Gage said.

http://www.kearneyhub.com/news/regio...1312ece5a.html

This is do to one investor that his family owns quite a chunk of stock and he wants to sell the company when it is at an all time high. He cares nothing about the company or what they represent but only that he can make more money. He is trying to get other investors to join with him so they can acquire controlling interest in the stock and then he can force a sale of the corporation. Cabela's are on hold for now until this issue gets decided. Cabela's just built a new store in MN but won't even open it up until this is resolved. EB

I always thought Cabela's was grossly overpriced and their marketing approach seemed to me to be all about making outdoor gear more of a preppy fashion statement for the "haves" and not very practical at all for the "have nots" or the more grassroots sportsman and their typical budget ranges. Just my two cents.

Originally Posted by Special K

I always thought Cabela's was grossly overpriced and their marketing approach seemed to me to be all about making outdoor gear more of a preppy fashion statement for the "haves" and not very practical at all for the "have nots" or the more grassroots sportsman and their typical budget ranges. Just my two cents.

Are you sure you're not talking about Orvis?

Originally Posted by Special K

I always thought Cabela's was grossly overpriced and their marketing approach seemed to me to be all about making outdoor gear more of a preppy fashion statement for the "haves" and not very practical at all for the "have nots" or the more grassroots sportsman and their typical budget ranges. Just my two cents.

I agree......there stuff is overpriced thats why I buy from Grizzly Jig and BPS
Only thing I ever bought from them was line.....they had a good deal on their Pro-Line.

Overpriced yes but they run far more sales than bass pro... Sadly our cabelas in Bristol va has only been open a few months and we got a bass pro in Bristol last year so if they do buy them out I'd say out new cabelas is gone... I enjoy the bargain cave alot

Cabela's meat processing equipment is top notch. Grinders, slicers, etc. I highly recommend.

I've got 1 of each in my area and I can't tell 10 cents difference between them other that the names on the goods. Both of them look more like yuppie clothing stores than sporting good stores