Following disappointing results from Cabela's
After the bell yesterday, Gander Mountain reported a loss of $0.25 per share, along with an 8.4% drop in same-store sales. While the company blamed weak consumer demand and warm weather for affecting the fall hunting season, its performance, too, has been inconsistent this year. Dick's Sporting Goods
Of course, I have yet to mention the other bit of news released yesterday: Gander Mountain's acquisition of Overton's, a catalog and Internet seller of water sports equipment. As a few Motley Fool CAPS investors have noted, Gander Mountain is making a push into boat sales, and Overton's will provide great cross-selling opportunities. However, the company remains fundamentally weak against intense competition. Having been burned waiting for Pier 1 Imports to come around, I think Ringo Starr summed up turnarounds pretty well: "Got to pay your dues if you wanna sing the blues, and you know it don't come easy."
Noting the competition -- Jarden's
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