Vaporizor

Ever wonder why Cabelas went away

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I thought they went away due to excessive spending on printing and mailing costs.

 

They'd send me about 3 catalogs a week. I'd buy a few things here and there, but the majority of my hunting stuff is quality and only gets used a couple months a year. Going to last a long time.  

Edited by Eagles Dare

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37 mins ago, Brother Brian said:

I worked on Wall street for over 25 years.

Are you still doing blow? And if so can you get my friend a little?

Edited by Nite_Bite_00

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1 hour ago, Eagles Dare said:

I thought they went away due to excessive spending on printing and mailing costs.

 

They'd send me about 3 catalogs a week. I'd buy a few things here and there, but the majority of my hunting stuff is quality and only gets used a couple months a year. Going to last a long time.  

Remember those hard cover books?  

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That video was a real hatchet job. Expected more from Tucker...we went to school together...he is a smart very smart kid..his book was excellent...there is a bit of underlying hypocrisy however, since his maternal grandfather was a robber baron of sorts...but the Cabelas aspect of the video was farm from accurate. 

Singer is a first class jerk...but he did nothing wrong with Cabelas..and the description of vulture bond investing was less than accurate...all of those "failed states" he sued were typically countries that had just devalued their currency and sandbagged their creditors...causing their bonds to trade for pennies on the dollar...he was a buyer of those distressed assets and assume an incredible amount of risk for doing so.

For Cabelas the Morris family had been trying to buy them for years...cabelas could have stayed a private company....they chose a different vision that required money from public capital markets to expand...short version they did not deliver...and some of the family wanted increased liquidity.   With a new 11% stake by Singer there was absolutely no way the company had to sell...it was still closely held with alot of stock remaining in the family...the only way Cabelas could sell was with the blessing and endorsement of the family.....period.  Of situations Elliot was involved in, they had very little leverage in this case...thank the Cabelas family for that.  

I miss my giant catalogs...bad business decision granted but it reminded me of the Sears Catalogs of my youth...speaking of non adaptive failed businesses. 

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1 hour ago, buckmaster said:

That video was a real hatchet job. Expected more from Tucker...we went to school together...he is a smart very smart kid..his book was excellent...there is a bit of underlying hypocrisy however, since his maternal grandfather was a robber baron of sorts...but the Cabelas aspect of the video was farm from accurate. 

Singer is a first class jerk...but he did nothing wrong with Cabelas..and the description of vulture bond investing was less than accurate...all of those "failed states" he sued were typically countries that had just devalued their currency and sandbagged their creditors...causing their bonds to trade for pennies on the dollar...he was a buyer of those distressed assets and assume an incredible amount of risk for doing so.

For Cabelas the Morris family had been trying to buy them for years...cabelas could have stayed a private company....they chose a different vision that required money from public capital markets to expand...short version they did not deliver...and some of the family wanted increased liquidity.   With a new 11% stake by Singer there was absolutely no way the company had to sell...it was still closely held with alot of stock remaining in the family...the only way Cabelas could sell was with the blessing and endorsement of the family.....period.  Of situations Elliot was involved in, they had very little leverage in this case...thank the Cabelas family for that.  

I miss my giant catalogs...bad business decision granted but it reminded me of the Sears Catalogs of my youth...speaking of non adaptive failed businesses. 

Yep, you can smell those stories a mile away.

 

My guess is the Cabelas owners didnt give one stinky **** more about the people in that town than the moneychanger guy.

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5 hours ago, PlumFishing said:

So you are not in favor of capitalism. That is clear. 
You own a business. Let’s say you want to sell, but others in the community don’t think it’s good for the collective. 
Should you be killed?

(Any answer other than “yes” defies your statement above)

 

You don't get to state what I'm in favor of.  That's my right, not yours.

Your comparison is horribly flawed.

 

And I'll answer any question any ****ing way I want, and I'll get to say what that answer means, not you.

 

4 hours ago, fish'nmagician said:

JZ is the poster child for the crazy right wing movement,

most problems get solved by stating someone needs to be killed to send a message...

seems healthy.

 

"Healthy?"  Maybe.

 

I'd say "effective" would be a more accurate description.

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23 hours ago, Slacker said:

Exactly.  Singer was an 11% owner of this company. He used his ownership interest to convince the board to take an action that would significantly increase shareholder value.  That is what company owners and board of directors are supposed to do.

 

Carlson is spinning a sob story based on the fallacy that a business entity is somehow required to be a lifetime employer and to keep "factory towns" afloat.  At some point, Carlson became a socialist... who knew?

The buildings and the jobs are still there in NE. I drive though there on I80 on my way to see my son in Utah, parking lots are always full during the day.

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Cabelas and I parted company when they charged me 30 dollars to ship a Calcutta reel. They insisted there was nothing they could do and that's that. I told them I would never order from them again. Didn't seem they cared and neither do I. This was well before this jackoff got involved.

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16 mins ago, JoeyZac said:

 

You don't get to state what I'm in favor of.  That's my right, not yours.

Your comparison is horribly flawed.

 

And I'll answer any question any ****ing way I want, and I'll get to say what that answer means, not you.

 

 

"Healthy?"  Maybe.

 

I'd say "effective" would be a more accurate description.

 

8BFD2742-802D-4C84-84AE-821861686107.gif

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To me, this is an opportunity for another company to come in and setup shop there. They have the workforce available and would likely be at a bit of a bargain too.

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1 hour ago, EricJ said:

To me, this is an opportunity for another company to come in and setup shop there. They have the workforce available and would likely be at a bit of a bargain too.

Retail is dead so another call center for spam calls?

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