They’d be smarter to dump the stock, it’s been performing badly. Plus it looks like Bass Pro Shops may buy Cabelas.
Walmart the Latest Victim of Newest Liberal Anti-Gun Tactic
by Warner Todd Huston April 9, 2015 5:03 pm
The newest angle that anti-constitution liberals are using to push gun control is to force corporate boards to bow to political agendas in the boardroom instead of thinking of the bottom line. That is what is happening to Walmart right now as an anti-gun group that has shares in Walmart is trying to use its investment as a weapon to force Walmart to stop selling guns and ammo.
This group of investors tried to force Walmart to institute a no-gun policy that was based on the group’s social agenda and had nothing at all to do with business concerns. Walmart refused to do so and so the investor group took Walmart to court to force the company to bend to the anti-gun agenda.
In its first court case, Walmart lost and a left-wing, anti-constitution judge told Walmart to bow to the investor group’s will.
Now Walmart is appealing[1] and if it loses again it will change how America does business... and for the worse.
Walmart’s right to sell firearms and ammunition is being threatened by a lawsuit.
Fox Business Network reporter Adam Shapiro reported on “Fox and Friends First” this morning that a court decision could stop the retail giant from selling guns, which could change the way publicly traded companies do business in the United States.
http://rightwingnews.com/democrats/walmart-the-latest-victim-of-newest-liberal-anti-gun-tactic/print
Crap. I much prefer Cabela’s.
4600 compared to the millions what joke
Plus it looks like Bass Pro Shops may buy Cabelas.
Say it isn’t so!!! :(
Done deal apparently. Reports of the sale were leaked to Montana news outlets a few weeks ago.
And Cabelas' stores across the country are holding fire sales, knocking their inventories way back to prepare for the takeover.
I've been calling across the country looking for a specific item and have been told again and again that the stores are in the middle of a selldown.
Updated Dec. 2, 2015
Cabela’s finally addressed the rumors and said Wednesday that its board is “initiating a process to explore and evaluate a wide range of strategic alternatives to further enhance shareholder value.”
Original post on Nov. 20, 2015
Bass Pro Shops may be gobbling up competitor Cabela’s.
Earlier this month, Reuters reported that privately held outdoors retailer Bass Pro Shops was shopping Cabela’s Inc.
Bloomberg News reported Thursday that an activist investor is encouraging Cabela’s to do something. Cabela’s shares are up in the pre-market.
Missouri-based Bass Pro has been working with an investment bank on a potential offer of its Nebraska-based publicly traded competitor, according to these reports.
Bass Pro still recognizes its roots.
Cabelas is a lost cause.