Bass Pro to buy Cabelas

Bass Pro will be buying Cabela's for $5.5 Billion or $65.50/share... Sure wished I would have bought some Cabela's stock before this...

I had heard from an Bass Pro employee in Cincinnati that Wal-Mart and someone else was in talks to acquire them... Glad that it was Bass Pro that got them and not Wal-Mart or the other... I thought Cabela's had been going to downhill for quite some time due to not having much in their stores to their prices... I went to the one in Cincy awhile back and it had terrible selection for a brand new store...

http://www.cnbc.com/2016/10/03/bass-pro-shops-to-buy-cabelas-for-6550-a-share-in-cash.html

interesting to see the fallout of this.....

Neither can compete with online retailers who have no huge fixed cost base of maintaining huge brick and mortar stores.