Adjam5 Posted February 22, 2009 Report Share Posted February 22, 2009 Cabelas is doing well and beating Wall streets estimates for earnings. Even in tough times, people still need recreation. Much of the Cableas success is attributed to gun and ammo sales. Might be a stock worth looking into. Still under $10 a share. http://www.cnbc.com/id/29299575 Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted February 22, 2009 Report Share Posted February 22, 2009 Never thought of buying shares in cabelas Anthony. Good to see they are doing so well, cabelas gets more of my business for gear than anywhere else. Quote Link to comment Share on other sites More sharing options...
Randy Posted February 22, 2009 Report Share Posted February 22, 2009 I'm sad to say ,..........I've been a major contributer to their success... Quote Link to comment Share on other sites More sharing options...
Adjam5 Posted February 23, 2009 Author Report Share Posted February 23, 2009 Cabelas certainly has the best stuff and variety of items to choose from with a great return policy. They get some of my money also in gear purchases. I'm thinking about getting into some Cabelas stock. Certain companies seem to be recession proof. I will be looking at their Price/Earnings ratio for a closer look. I have Citigroup stock that is less than $3 a share! A Major NY bank at less than $3 a share!...You don't want to know what I paid per share way back...:( So Cableas is looking like a better option for investment than the old reliable banking industry. Quote Link to comment Share on other sites More sharing options...
doubleA Posted February 23, 2009 Report Share Posted February 23, 2009 I am sure the boon in firearm sales is the main factor in Cabela's overall earnings lately. If Cabela's didnt sell firearms there wouldnt be the stores they have, it's their bread and butter. I do my part in helping sales. The mrs informed me that I had $1200.00 in sales tax alone with Cabela's in 08. We use sales tax as a tax credit as it adds up. Quote Link to comment Share on other sites More sharing options...
doubleA Posted February 23, 2009 Report Share Posted February 23, 2009 I am sure the boon in firearm sales is the main factor in Cabela's overall earnings lately. If Cabela's didnt sell firearms there wouldnt be the stores they have, it's their bread and butter. I do my part in helping sales. The mrs informed me that I had $1200.00 in sales tax alone with Cabela's in 08. We use sales tax as a tax credit as it adds up. Quote Link to comment Share on other sites More sharing options...
m gardner Posted February 23, 2009 Report Share Posted February 23, 2009 We go to Cabelas in Glendale, Az on the average of twice a month. It's a nice ride on the bike. We like to see the museum like taxidermy displays too. Most of the activity is in the gun department. You need to pick a number for service. The camping gear is being hit pretty hard too. Mark Quote Link to comment Share on other sites More sharing options...
rookieee Posted February 23, 2009 Report Share Posted February 23, 2009 all my hunting and fishing equip comes from cabelas they have exellent service and price to Quote Link to comment Share on other sites More sharing options...
JJL Posted February 23, 2009 Report Share Posted February 23, 2009 Gander Mountain has been doing well too. Quote Link to comment Share on other sites More sharing options...
TxBowHunter Posted February 23, 2009 Report Share Posted February 23, 2009 Thats allways good to know that they are beating the hard times. Quote Link to comment Share on other sites More sharing options...
Rhino Posted February 23, 2009 Report Share Posted February 23, 2009 Looks like the fear factor causing booming firearm sales put them above the Wall Street estimates. Also looks like a good entry point was last Thursday. I'm very leary about investing in any retail related companies right now, especially with how much blood I've spilt in my portfolio over the past several months. I put them on my retail watch list though. We'll see how it performs during the next quarter. Quote Link to comment Share on other sites More sharing options...
Dakota Posted February 23, 2009 Report Share Posted February 23, 2009 I own stock in Cabela's! Have for years. Yeah, it seems like all those types of stores are doing well right now except for Sportsman's Warehouse. The one in Sioux Falls is running on a skeleton crew and is always slow. The sad thing is, it's the biggest one in the entire 70 store chain! I was at Scheels a few days ago perusing the Archery Dept. and the entire store was busy as could be. I imagine Bass Pro is doing well too. Dakota Quote Link to comment Share on other sites More sharing options...
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