Cabela's, Inc. (NYSE:CAB)
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The Company is a direct marketer, and a specialty retailer, of hunting, fishing, camping and related outdoor merchandise.
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The Company is a direct marketer, and a specialty retailer, of hunting, fishing, camping and related outdoor merchandise.
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The "Non"-recession we are in will keep this stock and its competitor Bass Pro from performing. As with any luxury people will cut back until things settle out.
I am with the Dog Wrangler on this one.
Not so with hunting and fishing! People who spend time outdoors will not give that up for anything. They will coninue to spend on those things while cutting back on other "luxury" items. Every go to one of these stores. On any given weekend through out hte year your can find about 50% of the State represented at most Cabelas stores! The best tmie of hteir year is coming up with the hunting seasons fast approaching.
Hunting isn't a luxury to some people, it's a part of life. Here in Pennsylvania many of our schools have a holiday on the first day of hunting seasons. I've been to the one in West Virginia at various points in this recession, and the place has always been packed.