In the competitive world of retailers, I find that it is often beneficial for investors to focus on companies that offer niche products and/or services to consumers. The reasoning is simple; a generic business, no matter how high the quality, is easier to mimic and therefore tends to invite more competition. On the other hand, a specialty retailer with a more direct focus can market products more effectively to a select group of consumers while at the same time remaining better protected against encroaching competition.
One such company in the 'Sporting Goods Stores' industry of the 'Services' sector has managed to do just that in recent years. Cabela's Incorporated (CAB) currently occupies a lucrative and enviable position in...
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