Shaun Currie, CFA
Long/short equity, hedge fund analyst, momentum

Cabela's Inc.: Growth + Value = 50% Upside

Cabela's Inc. (NYSE:CAB) has had quite an impressive run over the past 4 years (the stock is up over 500% since the beginning of 2009). Because of this run, some investors might question whether there is any gas left in the tank for another run. I will argue that there is indeed much more room to run, and the gas needed will come from an aggressive real estate expansion starting in 2014. For those of you that are value investors, you need not worry. The company's assets, specifically its credit card business, provide support for a valuation at least 50% higher than its current stock price. Let's get into the details of the "growth plus value" story.


Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details