Humph, paaaaahlease
The wishes of a church in the Financial District of famously-liberal New York City are likely far different from those of the customers who frequent Cabelas, noted Johnson, of Fordham University. Why would they change now?
They’d be smarter to dump the stock, it’s been performing badly. Plus it looks like Bass Pro Shops may buy Cabelas.
A quarter million to make them go away would be money well spent.
“How much leverage a Manhattan church might have on the Nebraska-based Cabelas is up for debate. The church owns about 4,600 shares of about 69 million total outstanding shares, . . .”
Corporations routinely ignore the wishes of shareholders who have a much larger ownership position. The only reason for management to comply with the demands of the church is an assessment the negative public relations the church can generate is more costly to the company than the revenue it will lose by dropping the products the church finds unacceptable. Plus the cost to the company from any negative reaction by its customers.
Seems to me the direction for management is clear. Politely thank the church for its input and tell the church the company will continue to act in the best financial interest of the majority of its stockholders.
There is a certain amount of demand for large capacity magazines. If the main line stores do not fill the demand someone else will come along to sell.
Under the current ownership, I doubt Cabelas would budge. There are a number of items which Cabelas won’t ship to the people’s republic of California, which are carried for everyone else in America.
That said, if they change ownership, who knows.
But I doubt the current ownership would care one bit, they won’t change.
The headline says "Will Cabela's Stop Carrying 8-Round Magazines," but the story says that there is pressure to stop selling magazines with more than an eight round capacity.
They’ll never do it. No business is dumb enough to slap 90% of their target demographic in the face.
Cabelas is not the only place to buy gun accessories. I buy alot of hunting clothing and whatnots from them and occasionally buy shooting accessories. If they cave to gun grabbers... effectively slapping 90% of their target demographic in the face... I will not even buy clothing there anymore.
There are dozens of other retailers that would be more than happy to fill that market vacuum.
These shareholders appear to be more concerned with political statements than profit statements.
Humph, paaaaahlease
What is the point?
So instead of two 8 round mags you carry 3 six round mags. Or 4 or 5 or whatever you want.
Don’t these morons know math?
This does NOTHING to stop people from killing other people.
It only inconveniences law abiding citizens.
If a church in New York city is involved in political discussions that would affect citizens in Nebraska, shouldn't that church lose its tax-exempt status as a religious organization?
Shouldn't that church be required to register as a political lobbying organization, as required by law?
During a time of war or national emergency, don't the actions of that church and its members and financial supporters fit the description of *giving aid and comfort to the enemies of the United States, and adhering to those enemies?
You can use the On-line fill-out form provided *here.* and report them to the IRS. Instructions *here.
I will take the shares of the church off their hands for a buck a share. Then we will all be happy.
Dear key,
re:
“push major U.S. gun retailer Cabela’s to stop carrying firearms with more than an eight round capacity”
I submit that:
Colt 1911 is originally a 7 round magazine fed pistol;
S and W 686 .357 magnum revolver has a 7 round cylinder.
S and W Model 42’s, 442’s, 642’s, 38’s, 638’s, 10’s, 12’s, and 15’s which have proved sufficient for many years, are still manufactured with 6 round cylinders.
These all are quite sufficient in what they are designed to do.
“Wielding economic leverage through partial ownership of a company works, said Brannon Denning, a professor and gun rights expert at the Cumberland School of Law at Samford University in Alabama. “[But] it can work both ways...”
Professor Denning is a very good friend of gun rights:
http://www.constitution.org/2ll/schol/gun_control_dencite.htm