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Sportsmans Warehouse liquidating and selling stores
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<blockquote data-quote="bwaites" data-source="post: 270849" data-attributes="member: 8733"><p>It's a good point that even Cabelas didn't make money last year. The Chapter 11 was fully expected with the sale and closing of stores, I should have included that in my original post. Chapter 11's allow companies to restructure debt, (and leases!), and try to restructure their operating systems so that they can survive. Several airlines have done it. Chrysler effectively did it with Lee Iaccoca, although the Federal government didn't allow Chapter 11, they actually gave Chrysler the power to do those same things without Chapter 11 filing, and that was the reason it worked. </p><p> </p><p>Too much, Too fast; and as has been pointed out, guaranteed failure!</p><p> </p><p>Bill</p></blockquote><p></p>
[QUOTE="bwaites, post: 270849, member: 8733"] It's a good point that even Cabelas didn't make money last year. The Chapter 11 was fully expected with the sale and closing of stores, I should have included that in my original post. Chapter 11's allow companies to restructure debt, (and leases!), and try to restructure their operating systems so that they can survive. Several airlines have done it. Chrysler effectively did it with Lee Iaccoca, although the Federal government didn't allow Chapter 11, they actually gave Chrysler the power to do those same things without Chapter 11 filing, and that was the reason it worked. Too much, Too fast; and as has been pointed out, guaranteed failure! Bill [/QUOTE]
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