Manualman
Active Member
Since Goldman Sachs was involved with this I'm done with both companies. Goldman Sachs supports Hillary, and I'm not a "Hitlary" supporter
Bass Pro pursuing acquisition of Cabelas
- Thread starter buckbull
- Start date
SunnyInCO
Member
If that is the case your pretty much living off grid. (I'm not criticizing you.) ALL big banks provide financial support to BOTH parties. Its the way our system works now. I have not heard the big 'L" (Lobbyist) brought up much in this election cycle but it works both ways.
hoshour
Veteran member
Investments is my day job and from what I hear, Bass Pro really overpaid- 26% above what Barron's had as full value. They will be taking on a ton of debt to add to what they already have. They are going to need to sell assets to help pay it down, though I don't think there's much overlap in store locations. Their buying power will go up, but with all that debt to service, I doubt you'll see lower prices.
There's a chance that down the road they will go public to raise money, but don't hold your breath, they will need to pay down debt first.
Aside from guns and ammo, competing with the likes of Amazon and other online retailers is a pretty tough business. That's also why Bass Pro stores have so much space devoted to boats and vehicles - expensive, higher-margin items that are tough to ship. They must make decent markups on clothing too, because there is a whole lot of floor space devoted to clothing.
There's a chance that down the road they will go public to raise money, but don't hold your breath, they will need to pay down debt first.
Aside from guns and ammo, competing with the likes of Amazon and other online retailers is a pretty tough business. That's also why Bass Pro stores have so much space devoted to boats and vehicles - expensive, higher-margin items that are tough to ship. They must make decent markups on clothing too, because there is a whole lot of floor space devoted to clothing.
Last edited:
- Jun 20, 2011
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I thought that too until I did some research. Turns out Goldman Sachs issued a statement that its executives were forbidden to donate to trump's campaign. Makes you wonder what Hilary told wall street that she so desperately wants to keep under wraps.