Originally Posted by Oldelkhunter
Originally Posted by FatCity67
Tucker had a segment on Cabela's merger and vulture capitalism couple years back.


People should have been jailed for that.

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There are some things that should be understood. The 11% share of Cabelas owned by the hedge fund and fund manager that is being accused of being the cause for what happened in Sidney used investors money to buy the 11% stake. The 11% stake was bought to force Cabelas into a quick sell position or an accelerated selling position. Who would want this? Who all would benefit from this? And besides, the buyer of Cabelas is the one that shutdown the Sidney operation not the hedge fund manager. Why was Cabelas firing and laying off people right before the transaction? This has been called doing someone's dirty work in other situations in order for the buyer to have less severance to payout.



Everyone thinks that Cabelas was ruined by BPS. It was ruined several years before the merger. I saw this on the retail end when they chepeaned everything, stopped their outfitter series and customer service tanked.