hmmm could be a going private plan coming here, will be interesting who ends up with it. Selling off credit card business is a given for whoever is putting a deal together to finance it. Will it be Bass or will it be Cabela & private equity taking it private.
GE or other big player in TLED will jump all over this, insiders selling 25% more stock into the float only increased the likelyhood of a buyout.
hmm how do you figure Cabela's credit card business isn't comparable to Nordstroms?
once we start getting some cold weather and hunting season swings into full gear you'll see a change in business of Cabela's, it's a niche market and really can't be compared to general retail. Bass knows this is once in a lifetime opportunity to pick up some prized assets on the cheap and will pounce.
Elliot is shrewd and knows where their is value and how to extract it out of companies. They won't set around long to do it either. My guess is the pencils are busy working up the numbers and financing is being arranged since they announced their intentions after acquiring the stake.
You buy when their is value in the market not when they are fully priced! The offers could be in many forms from Private equity looking to break apart the credit card business and monetizing it and hanging onto the store base and big internet business Cabela's has. This might also include the Cabela's family interest in the stock as well with a private equity. It makes a lot of sense for Bass to buy to gain the strategic locations around the country and combine it with their stores and sell off the credit card business to finance the transaction as that alone is worth 53 to 55 a share based on Nordstroms sale of its credit card operation. Bass as well could do this deal with a private equity fund.
not sure your pattern will hold up, all it would take is an announcement of another major contract and this flies up. Last years pattern doesn't hold water as the company has expanded in sales and marketing way beyond where it was last year.
until this is worked out with express scripts, HZNP is going no where, let alone going up!
acquisitions may end up on hold too with stock down
Agree Bass will get this started soon. Value will be on bidding war between private equity and Bass. Credit card side will be sold off for 53 to 55 alone.
nice volume and up
he see's big value here and he will get it one way or the other. Bass see's an opportunity to gain scale on the cheap too as does #$%$ Sporting goods and other Private Equity.
by then you will see it testing breakout of 22
big boys have big gains they will lock in especially with congress getting into price gouging of drugs which HZNP is one of companies being looked at
credit card business based on JWN sale of their credit card business could be worth 53.00 alone, real estate sale / lease back worth another 15.00 and then you still have the operating business value.
stock doesn't reflect any value for Pasadena part of company that is up for sale value could be 1 to 3.00 more plus whatever return of capital it earns this quarter being announced and next before closing. I expect to hear some word on Pasadena from management on conference call.