Gander Mt. - What everyone should Know

[snmann]

I didn't write this but am a stock holder.  I couldn't agree more!!!


Investors are being squeezed by the GMTN Insiders. Disappointed in the lack of ethics in taking GMTN private by and on behalf of the insiders who control it. It is grossly unfair that they sold stock 5 years ago at $20.00 per share (keeping one-half of the Co. for themselves) and now that the Co. is well positioned with over 100 stores opened and internet sales in place, they are GREEDY enough to squeeze out the little guys that took the risk by only giving them 25 cents on the dollar they invested ($5.15 versus $20.00), keeping the other $75 million for themselves. Pure manipulation is clearly evident. Hope the SEC and other governmental agencies make an example of these low life scoundrels with just another ponzi scheme---Remember the old sayings "What goes around comes around" and "the Hogs get NONE"!
Hope all readers will take note and make sure all your hunting and fishing associates know what kind of people own this business and stay away from their stores and products. I disposed of my GMTN stock today, as I'm not for spending good money on attorneys to fight this battle......Good riddance GMTN!!!

[Mayfly]

I shop at Fleet Farm 

[KTapper]

I stay away from Gander at all costs.

[beeker]

who would offer stock in their company and not keep a controling share? seems like the smart play to me, you should have seen that before you gave them your money. no investment is a "sure thing". you didn't shop there before hand and new what a poor buisness they run? there stock was around 3$ something when they annouced this "deal" and they're offered 5$ something for the share buy back. seems like you should have invested in a safe and stuck your money in the basement. I hate gander and avoid them when I can.

[sandmannd]

I shop at Fleet Farm 

I'm with you on that. Feel bad for those investers though. I agree with beeker to a point in that there are risks when investing. Doesn't sound like they are being fair to those that took the chances though.

[Bobby Bass]

I shop at Gander and I am not going to let somone who has issues with their stock change me. Just like any store if you shop the sales you can save your self some money. Your missing the boat if you do not shop a store because some one else bad mouths it. Thats why they call it shopping..

[KTapper]

The only reason why I don't like to shop there is because there prices are much higher compared to Scheels.

[sandmannd]

They are higher on some prices but as Bobby said, you can very well save money if you watch the sales. I do shop there on occasion. It's the same way folks are down on Walmart but in today's economy if I can save some cash I'm going to any store that will save me some.

[beeker]

if your making a big purchase it only makes sense to check prices and see who will give you the best deal.

[tmjhamann]

I'm with Bobby on this one 

[22lex]

I am not a Gander Mountain fan myself just due to the new "man mall" (fleet farm) we have in town.

Sounds like Gander bought back shares at the bottom, which they have a right to do. Unless they can prove they purposefully drove down the share price through collusion or unethical treatment, the investors are SOL. It's kind of hard to believe that they would purposefully drive down the share price in the products/service category, as it usually coincides with performance of a company's products or service unlike commodities.

I am sorry to hear about your monetary loss.

[JohnWester]

if  you own the stock... they can't force you to sell it back to them.  Am I missing something here?

[22lex]

I am not an expert, but I think a company can publicly offer shares under a "limited" status that gives them the option to buy back shares over time and retain their private status. I know in order to become private again, they need to get down to 300 stockholders and stick to stringent rules.

In my personal experience when a company is bought out or merges with another company, you usually get issued a check for the market value of the stock. My company (distributer) was just recently merged with another and whoever owned stock received a check about a month later.

This is all opinionated of course, repeat, I am not an expert! 

[snmann]

 The part that gets me fired up is that the company has set themselves up to make a profit.  They used the influx of money to build new stores.  Those stores are now complete and ready to turn a profit forcasting 10-15 years. They are buying the stock back so that they can make money plus their books don't have to as accountable.  I might be "old school" but that's not how I do business.  The little man gets squeezed out.

I have 2 boys.  I bought one Gander when it went public and the other Cabela's when it went public in 2004.  Thinking they would thank me when they retired.  Guess I will have to find another publicly traded sporting company. 

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