"NOYB" wrote
http://www.icsc.org/srch/sct/current/page138.html
In 1996 it was a public company with about 20 stores and a catalog
operation. But running both the retail and catalog outlets proved to be
too much, as did the pressure of opening new stores at a rate to satisfy
investors, said Todd Rymer, the director of real estate, who has been with
the company for 14 years. The chain filed for bankruptcy in 1997.

"Everything that you can think of probably contributed to the financial
troubles," Rymer said.

Gander Mountain's management sold the catalog operation to Sidney,
Neb.-based competitor Cabela's in 1996 for about $35 million in cash (see
story). Holiday Cos., a Bloomington, Minn.-based operator of convenience
stores, bought five of the Gander stores that year and the remainder over
the next year or so when Gander filed for bankruptcy.

Better things happened to the chain shortly thereafter. Stephen Watson,
former president of Minneapolis-based Dayton Hudson Corp. (now Target
Corp.), came on board in 1997 as CEO.


From the looks of all the ammended fillings with the SEC that they had
between 1994 and 1996 ( www.sec.gov ), it looks like they were in trouble
for a while. It kind of looks as if they were trying to hide their
problems, but kept getting caught in their annual audits. I read a little
of one of their filings - they sure knew how to make it seem like they were
doing great... even right up to the bankruptcy.

All creditors were paid off first...and the remaining money from the
buyout went to schleps like me. I got about 6 cents per share I think.

That stinks. Gander Mountain is now trading at a little over $13 a share
and was right at twice that about 6 months ago.
http://finance.yahoo.com/q?s=GMTN&d=t

Lee D

"WaIIy" wrote in message
...
On Wed, 01 Dec 2004 03:03:26 GMT, "Doug Kanter"
wrote:

I can't understand why, although maybe the company's different now than
it
was back then. The service is unbelievable. And, they've achieved
something
remarkable in the gun department: They figured out how to secure rifles
to
the display racks with wires long enough that customers can heft the
guns.
In other big sporting goods stores, they're behind the counter and the
help
makes like they're doing you a favor if you want to see one from less
than
10 feet away.

The Cabala's in Michigan even had a Gatling gun. The store is
fantastic.

That would make one helluva lamp!

"WaIIy" wrote in message
...
On Wed, 01 Dec 2004 14:12:26 GMT, "Doug Kanter"
wrote:


"WaIIy" wrote in message
.. .
On Wed, 01 Dec 2004 03:03:26 GMT, "Doug Kanter"
wrote:

I can't understand why, although maybe the company's different now
than
it
was back then. The service is unbelievable. And, they've achieved
something
remarkable in the gun department: They figured out how to secure
rifles
to
the display racks with wires long enough that customers can heft the
guns.
In other big sporting goods stores, they're behind the counter and the
help
makes like they're doing you a favor if you want to see one from less
than
10 feet away.

The Cabala's in Michigan even had a Gatling gun. The store is
fantastic.

That would make one helluva lamp!


Speaking of lamps, there was a recent story of a guy heating his Lava
Lamp on the stove for some reason, it exploded and a piece of glass
pierced his heart.
Odd

I have a short list of people I'd like to visit if I could travel back in
time. Darwin's on that list. I'd bring him a ****load of newspaper articles
describing such incidents. Ben Franklin, too. I'd like to hand him a PDA or
cell phone and see if the phrase "What the ****?" existed in his day.

"NOYB" wrote in :


I think Gander Mountain is owned by Cabela's now.

I'm pretty sure Gander is not owned by Cabela's. I think Cabela's bought
Gander's mailing list back when Gander was a catalog shop, but not the
company.

Scott

"Lee D" wrote in message
...
"NOYB" wrote
http://www.icsc.org/srch/sct/current/page138.html
In 1996 it was a public company with about 20 stores and a catalog
operation. But running both the retail and catalog outlets proved to be
too much, as did the pressure of opening new stores at a rate to satisfy
investors, said Todd Rymer, the director of real estate, who has been
with the company for 14 years. The chain filed for bankruptcy in 1997.

"Everything that you can think of probably contributed to the financial
troubles," Rymer said.

Gander Mountain's management sold the catalog operation to Sidney,
Neb.-based competitor Cabela's in 1996 for about $35 million in cash (see
story). Holiday Cos., a Bloomington, Minn.-based operator of convenience
stores, bought five of the Gander stores that year and the remainder over
the next year or so when Gander filed for bankruptcy.

Better things happened to the chain shortly thereafter. Stephen Watson,
former president of Minneapolis-based Dayton Hudson Corp. (now Target
Corp.), came on board in 1997 as CEO.


From the looks of all the ammended fillings with the SEC that they had
between 1994 and 1996 ( www.sec.gov ), it looks like they were in trouble
for a while. It kind of looks as if they were trying to hide their
problems, but kept getting caught in their annual audits. I read a little
of one of their filings - they sure knew how to make it seem like they
were doing great... even right up to the bankruptcy.


Sounds like the right attorney could make a solid case against them. They
were cooking the books before cooking the books even became popular. I'm
sure the bankruptcy settlement protects them from the lawsuits however.


That stinks. Gander Mountain is now trading at a little over $13 a share
and was right at twice that about 6 months ago.

What can I say? I was a man ahead my time. ;-)

"Scott Seidman" wrote in message
. 1.4...
"NOYB" wrote in :


I think Gander Mountain is owned by Cabela's now.

I'm pretty sure Gander is not owned by Cabela's. I think Cabela's bought
Gander's mailing list back when Gander was a catalog shop, but not the
company.


Cabela's bought the catalog operations for $35 million.

"NOYB" wrote in
k.net:


"Scott Seidman" wrote in message
. 1.4...
"NOYB" wrote in
:


I think Gander Mountain is owned by Cabela's now.

I'm pretty sure Gander is not owned by Cabela's. I think Cabela's
bought Gander's mailing list back when Gander was a catalog shop, but
not the company.


Cabela's bought the catalog operations for $35 million.



That's definately more accurate than what I've posted. Somehow, though,
Gander ressurected as a brick-and-mortar operation, and the stores we walk
into have no affiliation with Cabela's.

Scott