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Sportsmans Warehouse liquidating and selling stores
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<blockquote data-quote="rtv900" data-source="post: 270837" data-attributes="member: 9837"><p>They have to go chapter 11 to get out ot their leases. You cannot close that many stores and get out of that many leases. You have to do chapter 11 to get out of that. They were also leveraged to the hilt so when the economy falls there is NO room to move and the cards start to fall. </p><p></p><p>Bass Pro is privately held so you wont know if they have any problems until its to late. They seem to run a good business but there is no way to really kinow.</p><p></p><p>Cabelas did not make any money last year through their stores. There stores were actually a little bit of a loss. Cabelas made $183 million in profit off of their "Worlds Formost Bank" division that issues their credit card. They have made some good decisions over the years. They have land holdings, internet, catalog, stores and their own bank. The Cabelas brothers really did some things right over the years. Last october their stock was just over $4.50. Now its back around $8,50. I hope you guys bought some. Its a good stock. Still undervalued in my opinion.</p><p></p><p>So long story short Sportsmans leveraged everything, expanded way to quickly and was never properly capitalized. That is certain failure for sure.</p></blockquote><p></p>
[QUOTE="rtv900, post: 270837, member: 9837"] They have to go chapter 11 to get out ot their leases. You cannot close that many stores and get out of that many leases. You have to do chapter 11 to get out of that. They were also leveraged to the hilt so when the economy falls there is NO room to move and the cards start to fall. Bass Pro is privately held so you wont know if they have any problems until its to late. They seem to run a good business but there is no way to really kinow. Cabelas did not make any money last year through their stores. There stores were actually a little bit of a loss. Cabelas made $183 million in profit off of their "Worlds Formost Bank" division that issues their credit card. They have made some good decisions over the years. They have land holdings, internet, catalog, stores and their own bank. The Cabelas brothers really did some things right over the years. Last october their stock was just over $4.50. Now its back around $8,50. I hope you guys bought some. Its a good stock. Still undervalued in my opinion. So long story short Sportsmans leveraged everything, expanded way to quickly and was never properly capitalized. That is certain failure for sure. [/QUOTE]
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