Remember - vote early and vote often
10 replies (most recent on top)
82.5% of the stock is held by institutional investors which will vote "yes" in huge chunks of shares. See ( https://finance.yahoo.com/quote/CAB/key-statistics?p=CAB ) . There is one reason these large hedge funds and others are holding onto the stock, a $61.50 payday. With them voting such large blocks of shares it will be easy to get the 50+% necessary for approval of the deal with BP.
If a 'no' vote happens, there is no guarantee that anyone will keep their job. Do people think Cabela's can pull out of the hole that's been dug over the last year on its' own? There has been such apathy and lack of positive leadership at all levels of the organization that it would be extremely difficult to recover with the same leaders we have in place today. A 'no' vote at this point would be suicide for everyone in the organization. While a 'yes' vote is a gamble, at least there is a chance.
Good luck on the voting. I don't see a no vote happening as nobody is going to see $61.50 share price for some time in the CAB ticker. If a no vote happens it is shooting down in the $30's again. If that is the case, you are voting to lose money, but keep a job. Should be interesting, but most stock holders are going to want the fast money.
Unfortunately people fail to understand humor anymore, we've become too politically correct - we must be serious about everything
Vote early and vote often is a joke.
Something to take note of...
Shareholders that do NOT vote for or against the merger effectively have their shares put toward a "NO" vote for the merger.
See the letter to the shareholder at the top of the following, as well as pages 15 and 26:
https://www.sec.gov/Archives/edgar/data/1267130/000119312517178449/d269185dprem14a.htm
www.kspr.com/content/news/cabelas-stockholder-meeting-bass-pro-deal-426550761.html
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Try telling that to a certain sides of our political spectrum
You can only vote once