NEW YORK, June 6 (Reuters) - Shares of Cabela's Inc , the outdoor equipment retailer, could be headed lower and investors would be well-advised to stay clear of the stock, according to the financial weekly Barron's.
In its June 7 edition, Barron's notes that the retailer's stock has been extremely volatile, with a 'big showdown between the bulls and bears.' But with the price up 20 percent in the last year, Barron's said 'the onus seems to be on Cabela's management to show it can deliver better results from its outlets.'
In the meantime, shares could be headed 25 percent lower, the publication wrote. Cabela's closed Friday at $15.80 on the New York Stock Exchange.
(Reporting by Paul Thomasch; editing by Gunna Dickson)
((paul.thomasch@thomsonreuters.com; 1 646 223-6092; Reuters Messaging: paul.thomasch.reuters.com@reuters.com)) Keywords: CABELAS/ (Visit http://blogs.reuters.com/mediafile/ for more coverage at the Reuters MediaFile blog) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
In its June 7 edition, Barron's notes that the retailer's stock has been extremely volatile, with a 'big showdown between the bulls and bears.' But with the price up 20 percent in the last year, Barron's said 'the onus seems to be on Cabela's management to show it can deliver better results from its outlets.'
In the meantime, shares could be headed 25 percent lower, the publication wrote. Cabela's closed Friday at $15.80 on the New York Stock Exchange.
(Reporting by Paul Thomasch; editing by Gunna Dickson)
((paul.thomasch@thomsonreuters.com; 1 646 223-6092; Reuters Messaging: paul.thomasch.reuters.com@reuters.com)) Keywords: CABELAS/ (Visit http://blogs.reuters.com/mediafile/ for more coverage at the Reuters MediaFile blog) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.