Elliott Management takes Cabela’s stake: WIll push for sale

Elliott Management takes Cabela’s stake: WIll push for sale

The Paul Singer managed Elliott Management has an 11.1% stake in Cabela’s Inc. (NYSE: CAB) and it’s looking to have a discussion with the board regarding about strategic options, namely a sale of the company.

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Shares are up 15%, but still off big from the weak earnings earlier this week. Demand is down and operatming margins getting squeezed at the outdoor retailer.

Elliott feels the stock is undervalued and notes there’s a lot of private-equity investment in the retail space right now.

London Value Investor Conference: Joel Greenblatt On Value Investing In 2022

The first London Value Investor Conference was held in April 2012 and it has since grown to become the largest gathering of Value Investors in Europe, bringing together some of the best investors every year. At this year’s conference, held on May 19th, Simon Brewer, the former CIO of Morgan Stanley and Senior Adviser to Read More

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