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Old Posted Nov 14, 2015, 3:43 PM
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Quote:
Originally Posted by habskilla View Post
Found this article about the takeover :
http://www.kulr8.com/story/30496958/cabelas-employees-say-managers-confirm-store-will-close-jan-1

I didn't know the deal was finalized.
I think you have to take the information in this article with a considerable grain of salt:

1) - It's a local TV station in Billings, Montana - hardly an authoritative source.
2) - They quote anonymous sources, mostly low level employees at the Billing's Cabela's store.
3) - Way too many fudge words in the report ("may", "potentially", etc).

The only thing we know for sure is that BPS is contemplating a takeover of Cabela's. Everything else (for now) is purely speculative. A BPS takeover might actually be good news for Cabela's. Everyone is concerned that the chain will be dismantled. BPS might in fact recognize the inherent value of the Cabela's brand and reinvigorate the chain with additional investment! It's way too soon to panic.......
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