Now I see this article says that Tommy is likely renegotiating the deal. Rather than getting $65.6 per share re would settle for $52. Yikes that's quite a haircut. Could have this be handled any worse? I know a lot of outfitters we're counting on that $65.5 price to help them get through the lean times after the layoffs start. No job. Can't sell house. My stock is worth less. Damn. Thanks for watching our backs.
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What about the poor Outfitters? They make it all work.
SELL STOCK NOW! Any hit you get on taxes will be less painful than when it drops below $30.
Boy are you in for a surprise.
I am confident in Cabela's management if layoffs should happen a severance package will be rewarded which will be above the standard average especially for older, longer length of service with the company and a good work record. Cabela's over the years has been known to be one if not the company with the best severance package.
please post the article you are discussing.
65/63, I approximated 3%. I apologize. I added the second sentence in the incorrect place to emphasize that the two year wait period is worthless for most employees. It should have been in another section
A drop from 65.5 to 52 is not a 3 percent decrease. It's a 20 percent drop.
If you were waiting for the stock to hit $65 after it was already $63 that is your own fault. Yes, if you sell early before 2 years it is taxed more, but it is put into the income tax. Most folks are not making enough for that to be a huge decrease in pay. Waiting for a 3% more increase over an unknown amount of time just isn't worth it. If you sold good for you, if you didn't, I hope you can get some type of profit for it.