OT: How could this impact Sidney Nebraska?

[jflores]

Sidney is barely the size of a couple Omaha high schools put together. Most people wouldn't think of that as a "city" no matter what the documents say. Its probably not that controversial a statement to make.

Hell, Ames, Iowa without the ISU students is several times the size of Sidney, and no one really thought of Ames as a city pretty much no matter their background.

But to the OP, sucks to be in Sidney now, I imagine. Hope those people find a way to pick themselves up.

 

[jlb321]

really rough for Sidney ... but for a large corp you are really limiting your talent pool of potential executives by locating your headquarters in a small town in a remote location

 

[redlurker]

really rough for Sidney ... but for a large corp you are really limiting your talent pool of potential executives by locating your headquarters in a small town in a remote location

Agreed. This is some of the downfall IMO. Re-invent, be the aggressor, or be eaten. They left themselves open to the PE take-over.

 

[HuskerAlum92]

Once they decided to go public, the die was cast. The only question was/is how long it will take.

 

[hddude55]

I've been to Sidney several times. You can quote any kind of classification you want, but my first reaction to "city of Sidney" will still be a smirk and a chuckle.

I'm not putting down Sidney or any other similarly sized town in NE or anywhere for that matter. I just have a different view of city vs town. When I think of a city, I think of the ability to do almost any city-like thing. Like visiting any number of high quality museums, being able to buy absolutely anything within an hour, eating at a restaurant of any nationality I want, more than one theater, lots of concerts/entertainment options, at least a minor league sports team, etc.

I agree with you. Sidney should not be a city. A borough or a township, maybe, but not a city. I'd even be ok with a county island or just the name of some guy. BTW, is the Deadwood to Sidney stagecoach still operating?

 

[kerpal_68]

Now that it's pretty much a done deal how long do you think bass pro will leave all those jobs in sidney.

 

[Hoosker Du]

I've been to Sidney several times. You can quote any kind of classification you want, but my first reaction to "city of Sidney" will still be a smirk and a chuckle.

I'm not putting down Sidney or any other similarly sized town in NE or anywhere for that matter. I just have a different view of city vs town. When I think of a city, I think of the ability to do almost any city-like thing. Like visiting any number of high quality museums, being able to buy absolutely anything within an hour, eating at a restaurant of any nationality I want, more than one theater, lots of concerts/entertainment options, at least a minor league sports team, etc.

Good for you for wanting to win the internet. Those potential thousands of lost jobs are much less important than you defining what makes a city vs a town. Stick to your guns on what's important in life.

 

[balsy]

Now that it's pretty much a done deal how long do you think bass pro will leave all those jobs in sidney.

Deal won't be finalized til next year. I would think a privately held company buying a public company would be a pain in the ass. I hear 65 bucks a share, not too shabby if you have stock. I don't think it's ever got close to that.

 

[BigRedPimp]

Now that it's pretty much a done deal how long do you think bass pro will leave all those jobs in sidney.

BPS said they are looking forward to working with the employees in Sidney and Lincoln (Cabela's credit card operation). My guess is the the exodus has begun in earnest for those that didn't leave in the last year.

I don't see why BPS would need many of those in Sidney as HQ people are likely duplicates. Capital One may not need the folks in Lincoln either unless they are cheaper labor than their current credit card ops folks.

I think it gets really ugly in Sidney in a year or less. Will decimate that city unfortunately.

 

[Cloud@Heart]

Probably was your mom. Boom.

You just slammed your son!

 

[redwine65]

cabela's started in someones kitchen, I allways wondered why the didn't become big sooner. hopefully bass pro doesn't take them over. although I hear cabela's gun guys ain't as freindy as sheels
I'd like to make la casa's nation wide, but they refuse to think big.

 

[Huskerfan2112]

cabela's started in someones kitchen, I allways wondered why the didn't become big sooner. hopefully bass pro doesn't take them over. although I hear cabela's gun guys ain't as freindy as sheels
I'd like to make la casa's nation wide, but they refuse to think big.

Ive bought firearms from cabelas and scheels. Love Cabelas overall ,but for firearms Scheels beats them on price and is far far better for service

That said,I hope BPS helps any displaced workers and provides a good severance for those who need it.

 

[runningback43]

cabela's started in someones kitchen, I allways wondered why the didn't become big sooner. hopefully bass pro doesn't take them over. although I hear cabela's gun guys ain't as freindy as sheels
I'd like to make la casa's nation wide, but they refuse to think big.

Started in Chappell Nebraska in the kitchen. Moved to a garage and then the basement of the Hardware store. Don't remember when they moved to Sidney, but before the current store was built by the interstate, they had a warehouse in downtown Sidney. Strictly mail order business for years. Cabela's furniture store is still up and running in Chappell.

 

[HuskerRick]

So what was the downfall of Cabelas? How much of their recent expansion of number of stores is to blame? Why did they expand so much so quickly? Or was it just inevitable pressure of competition and the store expansion was a desperate attempt to combat it.

I live in the Denver area, and I used to hear of groups of guys going on a road trip to Sidney. But now that there are two stores in the Denver area, nobody does that obviously. Now they are just another big box store, Cabelas, Bass Pro, REI, Sportsmans Warehouse, Gander Mountain.

Somehow, I think the easy availability of physical stores robbed them of some of their mystique.

It wasn't the expansion that hurt them, if you want to fight a takeover, the company should have split into several businesses entities, that way makes it harder and less beneficial for the takeover company. Marriott did this 20 years ago fighting off a takeover.

 

[HuskerRick]

Started in Chappell Nebraska in the kitchen. Moved to a garage and then the basement of the Hardware store. Don't remember when they moved to Sidney, but before the current store was built by the interstate, they had a warehouse in downtown Sidney. Strictly mail order business for years. Cabela's furniture store is still up and running in Chappell.

1961

 

[HuskerRick]

Do they still have Octoberfest? Had a great time there about 10 years ago, had an even better time in the back seat of some girls car in the parking lot. I think I tried to drink all the beer in Cheyenne County that weekend.

Yes, there's still Octoberfest, have a bunch of friends getting ready to celebrate it. This deal could sure jeopardize future drinkfests. Very nice place to live, all family gone from Sidney, but lots of friends. Sure makes a tough decision for families and friends, not only is there a new hospital, they have a brand new High School, to boot. Several new businesses. Be interesting to see how BPS handles this, could be a huge upside for them, if done right, if not, they could irk a lot of customers.
Went to the new Cabela's in Richmond, VA, there's a BPS Store not to far away.

 

[Hoosker Du]

The only time I go into Cabella's is when I need to replace my New Balance trail shoes. Great shoes, and they make wide sizes for my neanderthal feet. Otherwise, as a non-hunter, that place is a waste of time for me.

 

[siebo454]

Speaking to a couple buddies at corporate they are of the understanding it will be business as usual. BPS is keeping the cabelas name, and hopefully the quality of the cabelas product. Redhead line sucks.

 

[Rocky Mtn Husker]

Hate to see this kind of thing happen to Sidney, but free markets will be free markets. That's life and some good comes out of it too.

 

[tarheelhusker]

Cody, Ne., pop. 166.

 

[BigRedPimp]

Speaking to a couple buddies at corporate they are of the understanding it will be business as usual. BPS is keeping the cabelas name, and hopefully the quality of the cabelas product. Redhead line sucks.

Not to be that guy, but does anyone expect BPS to say on day 1 that massive changes are coming? For those who haven't left CAB when possible sale was first announced, BPS will want to retain what's left for the interim until they can better determine what overlaps and what can stay. They'll keep the name, but there most certainly will be overlap in people and process to eliminate unfortunately.

 

[litespeedhuskerfan]

Not to be that guy, but does anyone expect BPS to say on day 1 that massive changes are coming? For those who haven't left CAB when possible sale was first announced, BPS will want to retain what's left for the interim until they can better determine what overlaps and what can stay. They'll keep the name, but there most certainly will be overlap in people and process to eliminate unfortunately.

Exactly, and no high profile coach in demand with options ever has any plans of leaving his current job and hasn't talked to team XXXX.

I do hope it works out for Sidney, man that would be devastating to that town. Don't want to set off a political shit storm here, but tons of towns that have lost good jobs to overseas while our politicians profited through donations to them at the same time feel Sidney's pain. I'm sick of it. We need those jobs here. Sidney needs these jobs, hope they stay.

 

[jlb321]

Exactly, and no high profile coach in demand with options ever has any plans of leaving his current job and hasn't talked to team XXXX.

I do hope it works out for Sidney, man that would be devastating to that town. Don't want to set off a political shit storm here, but tons of towns that have lost good jobs to overseas while our politicians profited through donations to them at the same time feel Sidney's pain. I'm sick of it. We need those jobs here. Sidney needs these jobs, hope they stay.

this always interests me .... I agree that I wish that these and other jobs could be kept here but reality is that a lot of these products can be produced overseas cheaper .. if we tax these foreign made products more or decide to make them here in the US at greater cost .. the consumer pays more

everyone wants "made in the USA" until the same product made in China for 20% less is next to it on the shelf .... it is why despite all the uproar consumers go to Walmart rather than their local store

 

[litespeedhuskerfan]

this always interests me .... I agree that I wish that these and other jobs could be kept here but reality is that a lot of these products can be produced overseas cheaper .. if we tax these foreign made products more or decide to make them here in the US at greater cost .. the consumer pays more

everyone wants "made in the USA" until the same product made in China for 20% less is next to it on the shelf .... it is why despite all the uproar consumers go to Walmart rather than their local store

That product is 20% less because their lobbyist's bribed (donated) to the politicians to make it so. No matter how you feel about one of our current presidential candidates, said person has done a great job at educating people about the lousy deals we negotiate with other countries to make those products cheaper to move overseas, or south of the border, deals that the politicians got rich off of, and Americans got screwed over on. Some of the manufacturing was our own fault, Detroit built crap for a few decades and refused to try and do better, that's on them, and other's are because our politicians passed legislation that made it waaaay to easy of a decision for those companies to leave. I don't blame the companies one bit for doing it, I blame the politicians for allowing it.

 

[BludRed]

http://journalstar.com/business/loc...cle_5f1d314c-0bb5-5740-b18b-5193accc5258.html[/QUOTE

I am from Sidney, class of 1997. I think everyone should really look to see what happens when you think things are going so good that you build a brand new school and hospital, and have like a 1/4 of your town employed for one company. With this happening their taxes will be through the roof, with nobody to pay them. This is the worst.

 

[mgbreis]

I don't blame the companies either. I blame the super-rich people who control them. Also known as the people who actually run our country. You think the politicians are in charge? That's a laugh.

 

[litespeedhuskerfan]

I am from Sidney, class of 1997. I think everyone should really look to see what happens when you think things are going so good that you build a brand new school and hospital, and have like a 1/4 of your town employed for one company. With this happening their taxes will be through the roof, with nobody to pay them. This is the worst.

I have been self employed my entire adult life, and historically way to much of my business has been comprised of a handful of clients, which is a horrible business model. For a 3 or 4 year stretch, it was comprised of 2 clients. I knew it was a dangerous model, I knew what could happen if things went sideways with one of those two, and I did it anyway. What was I to do? Say "No, I don't want your money, you're making up to much of my business, take it elsewhere"? Gawd no, that would be idiotic. I took their money and cashed every one of their checks, just like Sydney did. Sidney didn't do anything wrong, at all. Tons of towns would take that deal for as long as they had it, as did I, and if it ever came to an end (and I knew it could have at any time), you pick up the pieces and move on. If Sydney needed the hospital and school then they needed it, you build it and hope it continues to work out. You can't deny your community those items if their needed and in a round a bout way those items make that town continue to look attractive to Cabelas and hopefully it makes them want to stay there.

 

[litespeedhuskerfan]

I don't blame the companies either. I blame the super-rich people who control them. Also known as the people who actually run our country. You think the politicians are in charge? That's a laugh.

Super rich people don't pass legislation, they bribe others to do that. It's OK to lay some blame at the politicians cashing their checks (bribes).

 

[gw2kpro]

I know. Who would kick who's ass? 1997 Jason Peter vs 2016 Kevin Williams?

'85 Ditka would beat them both.

At the same time.

 

[jmliehr]

Living in Springfield, having friends who have worked at Bass Pro this will be interesting. Johnny Morris still tries to run Bass Pro as a small company typically, with huge growing pains as he has expanded. Their is constant shuffling, turnover and paranoia amongst a lot of the staff. The good thing about Bass Pro is it's ran by the man who started it all, the bad thing is it is ran by the man who started it all. Based on knowledge from people at Bass Pro, if I were working for Cabelas in anything other than a retail store, I would be out the door as quickly as possible.

 

[michnittlion]

Just came upon this thread while randomly surfing other B1G teams' boards. This thread does make me sad.

My grandparents grew up in Kimball and my Dad was born there. Kimball is another Panhandle town of course. They eventually moved to Denver when my Dad was young. But I've definitely spent a lot of West Nebraska and appreciate the area. It's really rather beautiful out there, an under-appreciated area, though of course not very densely populated.

It's truly remarkable what Cabela's did for Sidney and the Panhandle as a whole. But there simply is more talent and manpower in SW Missouri/Springfield vs. West Nebraska. The corporate folk at BPS can say whatever they say, but Sidney's not going to win in the long run. The interstate will still run through Sidney, of course, for what that's worth. But that just makes Sidney another Kimball (which is nice enough but honestly rather economically depressed) or Ogalalla (better economically while also benefiting with tourism from the Lake just to the north). This is going to seriously hurt Sidney.

Definitely best wishes to any Cornhusker folk affected by this.

 

[grayhairedfreak]

this always interests me .... I agree that I wish that these and other jobs could be kept here but reality is that a lot of these products can be produced overseas cheaper .. if we tax these foreign made products more or decide to make them here in the US at greater cost .. the consumer pays more

everyone wants "made in the USA" until the same product made in China for 20% less is next to it on the shelf .... it is why despite all the uproar consumers go to Walmart rather than their local store

This is a great point. If you've ever watched Shark Tank, you know you could have a drinking game around every time they ask "what could you get the cost down to by making it overseas?" People are in general cheap and won't pay more for "Made in the USA." Just a fact.

 

[jay-cheese]

A couple quick things...interesting the main owner sold a darn big chunk of their stock this past week after the deal. Also to answer a question above, the deal is suppose to be for $65/share but the stock has hit over $70/share back in 2013 & 2014 (and got as low $33/share just a year ago).

GBR

 

[Solana Beach Husker]

I don't blame the companies either. I blame the super-rich people who control them. Also known as the people who actually run our country. You think the politicians are in charge? That's a laugh.

Here is board opinion:


1, But We need smaller government and need to trust free market
2. But Without government help companies take jobs overseas
3. But its not businesses fault, they are smart, we need politicians to help control them
4. But we need small government, and little market intervention
5. But once companies go public, all that matters is the shareholder, no longer the customer or workers
6. But we need free market and little government intervention

 

[Dean Pope]

More corporate consolidation and killing competition ... great.

And thankfully for all of us, the hedge fund that profited from all of this won't have to pay much in taxes either. Politicians are scared to death of these financials beasts and the multiple PACS they can form to defeat candidates.

 

[MissouriHusker]

This is sad news. I'm sorry for Sidney. If you read the article you can see where "Elliott Management" gobbled up enough of the stock to garner 11.1% stake in the company. They are not looking out for the best interest of the company and their employees.

They are looking out for investors as they should be. Businesses are not charities. Cabelas has been poorly run for years relative to peers, and this is the result. Same thing happened to Anheuser-Busch. When companies go public, you run the risk of this happening.

 

[HuskerRick]

Been thru several companies that were bought out and merged, it took one company 6 years before the layoffs began, they stated in the beginning that they wanted to keep the Brand recognition for the purposes of the customer. When the main company finally changed CEOs and CFOs, that's when the layoffs started. Had way too many people to make both companies work and was necessary to keep the company agile and able to change faster to meet the change of their customers. Too many workers or management makes it difficult for a company to change to meet the customer's needs.