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Deckers Outdoor Corp. Message Board

jockne40 212 posts  |  Last Activity: 21 hours ago Member since: Apr 4, 2003
  • jockne40 jockne40 Nov 16, 2015 1:59 PM Flag

    following this saga for years and reading through the piles of reading, I could see them changing the final settlement to something like 50 million so as to both companies win in some twisted way. Actually the only ones that win are the lawyers milking this saga out!

  • jockne40 jockne40 Nov 16, 2015 11:20 AM Flag

    no, just one crazy who has many aliases!

  • jockne40 jockne40 Nov 15, 2015 6:47 PM Flag

    good article in Lincoln journal star today saying the same thing from many analysts who follow the stock. There are multiple buyers interested in Cabela's, from private equity which could include Cabela family to Bass Pro Shops working with investment bank, to other private equity funds doing a deal alone.

  • jockne40 jockne40 Nov 15, 2015 2:14 PM Flag

    banks would love to get ahold of the credit card operations, not a problem at all!

  • Elliott, led by billionaire Paul Singer, has a history of forcing companies it invests in to make radical changes, including selling or breaking up the company.

    If that were to happen to Cabela's, some experts have suggested the outdoors retailer's credit card operation based in Lincoln, World's Foremost Bank, could be a target.

    Jim Duffy, an analyst with Stifel Inc., suggested in a research note in August that Cabela's financial services division could be worth anywhere from $40 to $50 a share, perhaps more than the company's current share price of $42 a share as of Thursday.

  • If that were to happen to Cabela's, some experts have suggested the outdoors retailer's credit card operation based in Lincoln, World's Foremost Bank, could be a target.

    Jim Duffy, an analyst with Stifel Inc., suggested in a research note in August that Cabela's financial services division could be worth anywhere from $40 to $50 a share, perhaps more than the company's current share price of $42 a share as of Thursday.

    He suggested that a sale of the division could bring in up to $3.5 billion.

    Paul Zaffaroni, a managing director at Roth Capital Partners LLC, a California-based investment banking firm, thinks the value of the financial services business is not reflected in the overall value of Cabela's stock price.

    "In some ways that business is doing better than the retail business," Zaffaroni said.

    In the third quarter of this year, Cabela's said its financial services revenue was up 13.3 percent from a year ago, more than double the 6.5 percent increase in revenue at its retail stores.

    Zaffaroni said spinning off or selling the credit card operation could unlock value for shareholders, something Elliott likely wants to do.

    It also could make it easier to sell the company, he said.

    While both the retail and financial services segments are good businesses, "they are different businesses" that would likely attract interest from different buyers, Zaffaroni said.

    Jim Zipursky, managing director of the Omaha office of Corporate Finance Associates, said what happens to Cabela's credit card operation likely would depend on what kind of buyer emerges.

    A retailer such as Bass Pro Shops, which has been rumored to be readying a bid for Cabela's, might decide it wants to keep the credit card operation in-house. Bass Pro does its own branded cards through a third party, using Bank of America.

    Zipursky said the financial services division is lucrative and it also offers a lot of insight into customer habits. "There is intrinsic value in that division," he said. "I would say if Bass Pro is the buyer, they probably would keep it."

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    A private equity buyer, on the other hand, probably wouldn't want both parts of the business, he said.

  • The disclosure last month by activist hedge fund Elliott Associates that it had amassed an 11 percent stake in Cabela's put the company on notice and the town of Sidney on edge.

    Elliott, led by billionaire Paul Singer, has a history of forcing companies it invests in to make radical changes, including selling or breaking up the company.

    If that were to happen to Cabela's, some experts have suggested the outdoors retailer's credit card operation based in Lincoln, World's Foremost Bank, could be a target.

    Jim Duffy, an analyst with Stifel Inc., suggested in a research note in August that Cabela's financial services division could be worth anywhere from $40 to $50 a share, perhaps more than the company's current share price of $42 a share as of Thursday.

    He suggested that a sale of the division could bring in up to $3.5 billion.

    Paul Zaffaroni, a managing director at Roth Capital Partners LLC, a California-based investment banking firm, thinks the value of the financial services business is not reflected in the overall value of Cabela's stock price.

    "In some ways that business is doing better than the retail business," Zaffaroni said.

    In the third quarter of this year, Cabela's said its financial services revenue was up 13.3 percent from a year ago, more than double the 6.5 percent increase in revenue at its retail stores.

    Zaffaroni said spinning off or selling the credit card operation could unlock value for shareholders, something Elliott likely wants to do.

    It also could make it easier to sell the company, he said.

    While both the retail and financial services segments are good businesses, "they are different businesses" that would likely attract interest from different buyers, Zaffaroni said.

    Jim Zipursky, managing director of the Omaha office of Corporate Finance Associates, said what happens to Cabela's credit card operation likely would depend on what kind of buyer emerges.

    A retailer such as Bass Pro Shops, which has been rumored to be readying a bid for Cabela's, might decide it wants to keep the credit card operation in-house. Bass Pro does its own branded cards through a third party, using Bank of America.

    Zipursky said the financial services division is lucrative and it also offers a lot of insight into customer habits. "There is intrinsic value in that division," he said. "I would say if Bass Pro is the buyer, they probably would keep it."

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    A private equity buyer, on the other hand, probably wouldn't want both parts of the business, he said.

    In the case of the division being spun off or sold, Zipursky said a likely buyer would be a company that's already in the payments space and it might even be a credit card issuer.

    That could be bad for Lincoln.

    A financial services company would likely look to integrate the Cabela's credit card operation into its own existing infrastructure, which could mean job cuts at a minimum or a closing of the Lincoln operation, Zipursky said. At last count, Cabela's had more than 700 employees in Lincoln, most of them working for World's Foremost Bank.

    On the other hand, Matt Plooster, managing principal of Bridgepoint Merchant Banking in Lincoln, said people are "one of, if not the most important, components of a transaction and are critical to the business’s ongoing success."

    "So, in the event that the financial services business is kept or acquired by a buyer as an ongoing concern, while it ultimately depends on who the buyer is, it’s likely to have little impact on the day-to-day workforce."

    Officials from Cabela's and Elliott Associates have declined to discuss the situation.

  • Reply to

    next week 100 !!!!

    by checkmeouta Nov 13, 2015 4:19 PM
    jockne40 jockne40 Nov 13, 2015 6:14 PM Flag

    could see that on panic by shorts

  • Reply to

    Sequoia adds 2M shares to its $VRX stake

    by checkmeouta Nov 13, 2015 4:26 PM
    jockne40 jockne40 Nov 13, 2015 6:13 PM Flag

    shorts will tremble on fact that big owners are buying more. Must know there is some good news coming that will squeeze the shorts big!

  • Reply to

    $61 on Monday if news hit

    by oildiscovery Nov 13, 2015 5:17 PM
    jockne40 jockne40 Nov 13, 2015 6:10 PM Flag

    or major short squeeze if wednesday conference instills confidence in management and glimpse into how they are handling the problems. Talk starting on AGN possibly looking at VRX to buy on the cheap here too.

  • welcome to the 60's.....

  • Reply to

    AYI takout

    by options4income Nov 13, 2015 12:30 PM
    jockne40 jockne40 Nov 13, 2015 1:29 PM Flag

    wouldn't surprise me either, great fit!

  • Reply to

    When DDS releases Earnings

    by rqbanner Nov 13, 2015 12:22 PM
    jockne40 jockne40 Nov 13, 2015 12:35 PM Flag

    Macy's was also looking at REIT for real estate and dropped that! 500 million buyback.............with borrowed cash......more financial engineering to cover up a dinosaur going extinct!

  • Reply to

    monday preview and christmas sales.....or lack of

    by jockne40 Nov 13, 2015 11:22 AM
    jockne40 jockne40 Nov 13, 2015 12:14 PM Flag

    watch and learn honey!

  • Reply to

    monday preview and christmas sales.....or lack of

    by jockne40 Nov 13, 2015 11:22 AM
    jockne40 jockne40 Nov 13, 2015 11:52 AM Flag

    your full of shyte and in denial! Just looks at the cash to debt numbers! 175 mil in cash and 830 mil in debt, if you are not getting traffic into your stores to buy your hot brands which can be bought on amazon cheaper then your in trouble. Just wait for the dismal numbers monday!
    Internet sales on DDS website.................laugh!

  • jockne40 by jockne40 Nov 13, 2015 11:37 AM Flag

    any news or just someone recognizing cheap value here....

  • DDS has done all the cost cutting they can do, with wages and benefits going up margins will be hit. The heavy use of debt to buy back shares will come back to haunt them now when retail sales are hard to find for traditional brick and mortar stores. They missed an opportunity to develop a strong web based business and now amazon has that market. DDS has a long history of having old inventory and not keeping up with fashion trends. With every other dept. store now in major sales to move winter inventory, DDS will be in big trouble! Looking for ugly numbers monday, options are pricing in for big drop into the 60's

  • Reply to

    earnings?

    by t3nnisace Nov 12, 2015 10:05 AM
    jockne40 jockne40 Nov 13, 2015 11:01 AM Flag

    going to be ugly here too, the dillards store here is always like a morgue and what they have in clothes styles is old #$%$!

  • Reply to

    Rvlt near 52 week low.

    by bighalloweenfan Nov 12, 2015 4:07 PM
    jockne40 jockne40 Nov 12, 2015 7:43 PM Flag

    RVLT is heading to bankruptcy with their 35 million in debt and little cash
    I can't understand how they could be a contender to a Navy contract.......highly doubtful

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