Not good for Cabela's....Big Mutual fund companies are dumping Cabela's stock....Wachovia Capital Partners sold over $8 million dollars worth of Cabela's stock a month ago and another mutual fund company dumped $ 1.5 million dollars worth of the stock last week. Even the Cabela's family is selling their stock, get out now before it's too late. In six months from now it will be trading in the low teens!
There are people here on this message board who have so much faith in this stock that they continued to say great things about this stock. They say that in five years, this stock will double. If this is true, why are insiders selling as mutual funds. Are they stupid or do they know something that these touters of Cabelas do not know?
You must me ignoring the build up in stores. This is a ten store company. To say that in five years this stock goes no where. You have to believe that building more stores creates a negative in financials. The family may hurt the stock every now and again. As they dump, they lose their power and control. This is a name brand company for sportmen and women. Please, what are the negatives besides the family selling some stock?