Wall Street Journal - Cabela's (CAB) 4Q same-store sales drop 10.1% on a
sharper-than-expected drop in ammunition sales after a surge the year earlier
on fears of tighter regulations. Excluding sales of firearms and ammunition,
sales were still down 3.5% with increases in hunting apparel, men's casual
apparel and footwear. CAB's results show a sharp contrast to Dick's Sporting
Goods (DKS) which beat 4Q expectations as it relies less on gun sales. CAB
slides 9.7% to $63 premarket, reversing the gains it posted since the start of
I have found some very good deals at Cabela's on used guns. I understand that most of the guys on this site wait for one of their buddies at the club to assume room temperature and swoop in when the widow liquidates the guns paying prices that may have been good forty years ago when they were purchased.