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Muskie Fishing -> General Discussion -> Gander Mountain Might Get Bailed Out by Sportsman’s Warehouse
 
Message Subject: Gander Mountain Might Get Bailed Out by Sportsman’s Warehouse
sworrall
Posted 4/29/2017 1:21 PM (#860038)
Subject: Gander Mountain Might Get Bailed Out by Sportsman’s Warehouse





Posts: 32886


Location: Rhinelander, Wisconsin		Read the article!


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Propster
Posted 4/29/2017 8:05 PM (#860083 - in reply to #860038)
Subject: Re: Gander Mountain Might Get Bailed Out by Sportsman’s Warehouse




Posts: 1901


Location: MN		It's being reported that Camping World Holdings, Inc has acquired them in the bankruptcy auction for 390 million.
Chemi
Posted 4/30/2017 6:53 AM (#860125 - in reply to #860083)
Subject: Re: Gander Mountain Might Get Bailed Out by Sportsman’s Warehouse





Yep:

https://www.outdoorhub.com/news/2017/04/29/breaking-news-camping-world-holdings-inc-buys-gander-mountain-390-million-bid/



Edited by Chemi 4/30/2017 6:54 AM
sworrall
Posted 5/2/2017 10:17 AM (#860405 - in reply to #860125)
Subject: Re: Gander Mountain Might Get Bailed Out by Sportsman’s Warehouse





Posts: 32886


Location: Rhinelander, Wisconsin		http://www.gomn.com/news/gander-mountain-closures-coming-company-bo...

Some look like they will be available.
Propster
Posted 5/2/2017 12:22 PM (#860424 - in reply to #860038)
Subject: Re: Gander Mountain Might Get Bailed Out by Sportsman’s Warehouse




Posts: 1901


Location: MN		Wow, I wonder which is right, and which is a typo, the $390 million, or the $37.8 million?
jonnysled
Posted 5/2/2017 12:39 PM (#860426 - in reply to #860038)
Subject: Re: Gander Mountain Might Get Bailed Out by Sportsman’s Warehouse





Posts: 13688


Location: minocqua, wi.		find out the earnings (EBITDA) and multiply by 6 and you'll get the market value assuming it's desirable. as a distressed sale of course it will be a bit less, but certainly not more.
sworrall
Posted 5/2/2017 12:57 PM (#860431 - in reply to #860424)
Subject: Re: Gander Mountain Might Get Bailed Out by Sportsman’s Warehouse





Posts: 32886


Location: Rhinelander, Wisconsin
Propster - 5/2/2017 12:22 PM

Wow, I wonder which is right, and which is a typo, the $390 million, or the $37.8 million?

http://investor.campingworld.com/press-releases/press-release-detai...

Presser from Camping World on the structure of the buy.
ndsumiller
Posted 5/6/2017 5:28 PM (#860937 - in reply to #860038)
Subject: Re: Gander Mountain Might Get Bailed Out by Sportsman’s Warehouse




Posts: 95


Location: MN		Some news today if you look at Gander Mountain's website...
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