Cabela's Incorporated (CAB) - NYSE
  • Tue, Apr. 19, 10:57 AM
    • Cabela's (CAB +5.8%) is on the move after Reuters reports things are heating up with a potential bid from Bass Pro Shops for the company.
    • Sources indicate that Bass Pro Shops has partnered with Goldman Sachs' private equity arm on putting together a bid.
    • Cabela's already trades with a bit of a takeover premium baked in.
    • Now read Cabela's Should Consider Going Private 
    | Tue, Apr. 19, 10:57 AM | 2 Comments
  • Thu, Mar. 24, 7:51 AM
    • Cabela's (NYSE:CAB) is attracting takeover interest from rival Bass Pro Shops, and has opened its financial books to other potential suitors in the past two weeks, NY Post reports.
    • Bass founder John Morris, who controls the closely-held company, has long wanted to buy his closest rival, according to the report.
    • CAB last month started seeking buyers for its credit card business, which is responsible for ~30% of total sales, and expects to have those bids soon.
    | Thu, Mar. 24, 7:51 AM | 3 Comments
  • Dec. 22, 2015, 11:24 AM
    • Telsey Advisory analyst Joesph Feldman thinks a merger between Dick's Sporting Goods (DKS -0.1%) and Cabela's (CAB -0.8%) would be highly accretive and beneficial to shareholders if financed correctly.
    • Feldman notes the geographic mix of the two sporting goods retailers is complementary.
    • Though Cabela's is undergoing a strategic review, there's been no official indication that Dick's is in the mix.
    • Shares of Dick's and Cabela's have both trailed broad retail stock averages this year.
    | Dec. 22, 2015, 11:24 AM | 2 Comments
  • Nov. 23, 2015, 4:55 PM
    • Cabela's (NYSE:CAB) is generating takeover interest at a share price in the $50s, but it may take a much higher number to satisfy certain longtime investors, Bloomberg reports.
    • Even as CAB sales and profit growth have sputtered, shareholders such as London Co. of Virginia and the Matthew 25 Fund see a strong brand with long-term expansion prospects, as well as lucrative credit card business with nearly $5B in loans and real estate holdings worth ~$1B, the report says.
    • Mark Mulholland, who runs Matthew 25, says he would refuse anything below $72 in the event of a takeover attempt for CAB, which would be a ~50% premium over today’s closing price of $46.50.
    | Nov. 23, 2015, 4:55 PM | 1 Comment
  • Nov. 19, 2015, 5:58 PM
    • Cabela's (NYSE:CAB+8.5% AH following a Bloomberg report that it is fielding potential takeover interest and weighing whether to begin a sales process, and that rival Bass Pro Shops is working with JPMorgan Chase to help explore a bid.
    • CAB is working with its regular advisers at Guggenheim Partners, which is reaching out to a small group of potential P-E buyers and strategic acquirers, according to the report.
    • The report also says several buyout firms have expressed interest in a deal that may value CAB’s in the mid- to high $50s.
    | Nov. 19, 2015, 5:58 PM | 1 Comment
  • Sep. 18, 2014, 1:30 PM
    • Bass Pro Shops hires Moelis to help it explore financing options.
    • Sources say a sale of a minority stake, likely to a P-E firm, would value the retailer in the billions.
    • A capital-heavy Bass Pro could pose a threat to Cabela's (CAB -0.8%) and to a lesser extent Dick's Sporting Goods (DKS) if expansion is part of the plan.
    | Sep. 18, 2014, 1:30 PM
Company Description
Cabela's, Inc. retails and markets hunting, fishing, camping and related outdoor merchandise. It offers products through its retail stores, the Internet and regular and special catalog mailings. The company operates through three reportable segments: Retail, Direct and Financial Services. The... More
Sector: Services
Industry: Sporting Goods Stores
Country: United States