Investors have been somewhat exasperated by Cabela's (NYSE:CAB), as the overall markets have surged, while the share price of the company is down between 2% and 3% over the last 12 months, as of this writing. And that's after a surge of almost $5.00 per share from June 20, 2014, when it closed at $58.55, to its close on July 3, 2014, at $63.17.
Much of that consternation is the result of the jump in gun and ammo sales in the first and second quarters of 2013, which has disrupted the comps in the first quarter of 2014, and is expected to do the same in the second quarter, although not at the same level.
Coupled with the...
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