Hands-On REVIEW of a Cabela’s Product: Video & Commentary
Affordable & Works Perfect for Small Boats
Durable & Adjustable, but Instructions are Difficult
By Tyler Mahoney
“Up until this summer, I had never personally used sonar electronics to aid in my fishing. I finally broke down and bought a small Lowrance Hook 4x Sonar unit in June.
My intention was to use it to fish the smaller lakes and ponds that I fish regularly with my small boat that is powered by a small electric motor. Once I bought it, I needed to determine how I was going to mount it. Luckily, I came across a great product at Cabela’s product that would allow me to mount it on any boat.
The product is called the Cabela’s Portable Transducer Mount, see the link: (http://www.cabelas.com/product/Portable-Transducer-Bracket/699847.uts).
While it has some small imperfections, it works great for my purposes and I strongly recommend it, there is no hole drilling required and it is adjustable over a wide range of possible dimension.
The unit will fit boats with a 15-20 inch high transom and with a transom thickness up to 2-1/8 inches wide. It’s made from high-grade aluminum and while the instructions might have been more clearly written, it was not that hard to figure out once I got started.
The video will explain the issues I found. Overall, it meets my objectives and I like it. Cost was under $50.
See the below Youtube video for a short product review: https://www.youtube.com/watch?v=bP2wqwZKMxc.
May 28, 2017; Bison City Rod & Gun Club, Buffalo, N.Y.
141 Kids, 322 Total Attendance; 21 Volunteers; 8-Learning Stations
By Forrest Fisher
The forecast for rain and fog was swept aside when bright, sunny skies with a gentle 75 degree breeze surprised families with kids from Buffalo and Western New York. They came to fish and learn at Bison City Rod & Gun Club for the 13th Annual Jimmy Griffin Memorial Teach-Me-To-Fish event.
Once a polluted waterway that would burn from the heat of a lighted match, today the Buffalo River waterfront is clean, alive, and hopping with fish, kayaks, canoes and kids with fishing poles. The Buffalo-Niagara Riverkeeper Group is a big part of the clean-up progress.
The kids and their families all learned a bit more about the adventure of the outdoors through the fun of fishing, many for the very first time!
While the river was running a bit muddy from recent heavy rains, the steady flow of riverfront kayakers, sailboats, canoes and power boats showed proof that water color is not a deterrent. Kids fishing from the Bison City fishing pier were busy. Even single adults without kids came to discover the fun and adventure of “how-to-fish”. More and more people want to know.
Lynda Kollar, Rose Barus and Linda Cooley energized a positive first-moment connection with folks at the registration welcome station.
Kids and parents learned “How-To-Fish” and what to do from Western New York bass pro, Scott Gauld, who took time to share “easy tips” for everyone in the program. He explained that catching a fish with a rod and reel (bait or artificial lure) is not only possible, it is fun and not difficult. Gauld provided that special seal of “sure-fun is right around the corner” that only a professional angler might be able to influence for new onlookers. Kids went away looking for the fishing pier!
Marine Unit 2 with Erie County Sheriff Tim Dusza and his team, provided tours of their vessel. Everyone learned about water-safety, kids were allowed to blow the horn and turn on the flashing lights. Big smiles there!
Russ Johnson and Bob Carlson, members of the East Aurora Fish & Game Club, who have perfected the system for educating kids and parents on how to tie a perfect Palomar Knot and Clinch Knot, taught everyone how to tie on a hook in only a few seconds.
Rigging a weedless plastic bait, a plastic worm or jig tail, was made easy with a hands-on demonstration by junior Bassmasters Alex Gauld and Collin Voss, as they provided each youth with a souvenir plastic creature bait sample from Cabela’s. The kids could use the bait to fish with or take home. The girls seemed to pick the pink squiggly-tail crayfish!
Environmental Conservation Officer, Jeff Jondel, and firearm safety instructor, Joe Mills, provided hands-on firearm safety training. They shared the rules of responsibility for parents and kids, so they could experience the Cabela’s BB-Gun Range, an inflated and fully enclosed, fully safe, “bounce house” style event. The NRA safety-instructors provided easy 1, 2, 3 steps for responsible use of a firearm, using a BB-gun. Kids and parents took turns checking their aim using Daisy Red Ryder BB-Guns, shooting at suspended souvenir paper targets. Happy kids took their targets home with ear-to-ear smiles as souvenirs.
Lifetime youth educator and certified New York State Archery champion, Paul Stoos, worked with Earl Farrel, Sr., to provide first-time how-to lessons for kids at the Cabela’s Archery Booth, using air-suspended floating ball targets.
Charter Captain Jerry May and walleye master, Ted Malota, taught kids how to cast a spincast fishing rod with hookless casting baits. The kids were sailing their lines a very long way toward hula-hoop targets in just minutes. Ted shared, “Wow, some of these kids are really good with so little practice!” Fun for all!
The kids and adults fished from “George’s Landing,” the legacy honor name for the Bison City fishing pier. It was a fun and exciting adventure station for kids, even more exciting for some parents who had never touched a live fish before. On-site fishing educator, Dave Solowski, provided eager kids with bait, pre-rigged rods, reels, bobbers, hooks, split-shot and plenty of nightcrawler bait supplied by Weekley’s Worms. Weekly’s Worms provides more than 50 million redworms and nightcrawlers to anglers every year. Imagine that!
Dockside outfitter, Donna Kayes, provided solid “pre-fish confidence” while outfitting each youth with a life-preserver before entering the fishing pier area. Several first-fish catches were recorded, with new adventure and fun had by all. The fish were placed in the aerated “Lunker Pool” and released by the kids after the event. Kids that did not catch a fish enjoyed seeing the swimming fish that others caught. After the event, the kids helped release all the fish to swim another day, a meaningful lesson in conservation for our youth.
At the newest learning station, “OUTDOOR AWARENESS,” outdoor educator, Sheri Voss, provided hands-on lessons for families with advice on how to stay prepared, protected, informed and proactive, whenever they head outdoors. There was special focus on deer ticks and the Lyme disease outbreak in northeast USA.
As families completed the learning station tours, a 70-page slide show was shown on the 7-foot screen indoors, allowing for continued fishing and outdoor adventure education. While observing the screen, the kitchen crew provided world famous Sahlen’s grill-cooked hot dogs, Perry’s Ice Cream, Paula’s Donuts, Gwen Jozwiak’s hand-made “fish cupcakes,” beverages and other munchies.
During the random gear raffle, 76 happy youths won a free rod/reel combo. Everyone else, adults too, took home fishing maps, tackle, and special prizes from the “Bison City Tackle Treasure Chest.”
The kids and the adults were all BIG WINNERS!
This special youth outreach event is annual event sponsored and coordinated by the Bison City Rod & Gun Club with special thanks to Ted and Doraine Malota, Cabela’s, Erie County Federation of Sportsmen, WNY Safari Club, Sahlen’s Meat Packing, the Norby Antonik Foundation, Weekley’s Bait, Paula’s Donuts and 21 dedicated volunteers who donated their time to help youth and their families learn more about the outdoors through the fun of fishing!
Springfield, Missouri and Sidney, Nebraska – October 3, 2016 –
Loyalty Programs Remain Unchanged
Merger Will Provide Benefits for Outdoorsmen
Bass Pro Shops and Cabela’s Incorporated (NYSE:CAB), two iconic American outdoor companies with similar humble origins, and with a shared goal to better serve those who love the outdoors, today announced that they have entered into a definitive agreement under which Bass Pro Shops will acquire Cabela’s for $65.50 per share in cash, representing an aggregate transaction value of approximately $5.5 billion.
In addition, upon closing Bass Pro Shops will commence a multi-year partnership agreement with Capital One, National Association, a wholly-owned national banking subsidiary of Capital One Financial Corporation (NYSE: COF), under which Capital One will originate and service the Cabela’s CLUB, Cabela’s co-branded credit card, and Bass Pro Shops will maintain a seamless integration between the credit card program and the combined companies’ retail operations and deep customer relationships. All Cabela’s CLUB points and Bass Pro Shops Outdoor Rewards points will be unaffected by the transactions and customers can continue to use their credit cards as they were prior to the transaction. Capital One intends to continue to operate the Cabela’s CLUB servicing center in Lincoln, Nebraska.
A driving force behind this agreement is the highly complementary business philosophies, product offerings, expertise and geographic footprints of the two businesses. The essence of both Bass Pro Shops and Cabela’s is a deep passion to serve outdoor enthusiasts and support conservation. The combination brings together three of the nation’s premier sporting brands: Cabela’s, a leader in hunting; Bass Pro Shops, a leader in fishing; and White River Marine Group, a worldwide leader in boating, which is part of Bass Pro Shops.
Bass Pro Shops, Cabela’s and White River Marine Group represent the best of American entrepreneurship, innovation and devotion to customers. The combined companies will strive to provide a remarkably enhanced experience for customers, increased opportunities for team members and greater support for conservation activities.
Founded in 1961 by Dick, Mary and Jim Cabela, Cabela’s is a highly respected marketer of hunting, fishing, camping, shooting sports and related outdoor merchandise. Today, Cabela’s has over 19,000 “outfitters” operating 85 specialty retail stores, primarily in the western U.S. and Canada. Cabela’s stores, catalog business and e-commerce operations will blend seamlessly with Bass Pro Shops and White River Marine Group. Over the past 55 years Cabela’s has built a passionate and loyal base of millions of enthusiasts who shop both at its retail stores and online.
BASS PRO SHOPS
Bass Pro Shops, founded in 1972 by avid young angler Johnny Morris, is a leading national retailer of outdoor gear and apparel, with 99 stores and Tracker Marine Centers located primarily in the eastern part of the U.S. and Canada. Morris started the business with eight square feet of space in the back of his father’s liquor store in Springfield, Mo., the company’s sole location for the first 13 years of business. Johnny’s passion for the outdoors and his feel for the products and shopping experiences desired by outdoor enthusiasts helped transform the industry. Bass Pro Shops, which employs approximately 20,000 team members, has been named by Forbes as one of “America’s Best Employers.” The company also operates Big Cedar Lodge, America’s Premier Wilderness Resort, welcoming more than one million guests annually to Missouri’s Ozark Mountains.
WHITE RIVER MARINE GROUP
In 1978, Morris revolutionized the marine industry when he introduced the world’s first professionally rigged and nationally marketed boat, motor and trailer packages. Tracker quickly became and has remained the number one selling fishing boat brand in America for the last 37 years running. White River Marine Group offers an unsurpassed collection of industry-leading brands including Tracker Boats, Sun Tracker, Nitro, Tahoe, Regency, Mako, Ranger, Triton and Stratos.
“Today’s announcement marks an exceptional opportunity to bring together three special companies with an abiding love for the outdoors and a passion for serving sportsmen and sportswomen,” said Johnny Morris, founder and CEO of Bass Pro Shops. “The story of each of these companies could only have happened in America, made possible by our uniquely American free enterprise system. We have enormous admiration for Cabela’s, its founders and outfitters, and its loyal base of customers. We look forward to continuing to celebrate and grow the Cabela’s brand alongside Bass Pro Shops and White River as one unified outdoor family.”
“Cabela’s is pleased to have found the ideal partner in Bass Pro Shops,” said Tommy Millner, Cabela’s Chief Executive Officer. “Having undertaken a thorough strategic review, during which we assessed a wide variety of options to maximize value, the Board unanimously concluded that this combination with Bass Pro Shops is the best path forward for Cabela’s, its shareholders, outfitters and customers. In addition to providing significant immediate value to our shareholders, this partnership provides a unique platform from which our brand will be extremely well positioned to continue to serve outdoor enthusiasts worldwide for generations to come.”
“This opportunity would not be possible without the contributions of the many wonderful Cabela’s, Bass Pro Shops and White River team members,” Morris said. “All three companies are blessed to have been built by the extraordinary efforts of many tremendously talented, dedicated people throughout our respective histories, and we’re thrilled to consider what the combined team can achieve going forward.”
Following the closing of the transaction, Bass Pro Shops intends to celebrate and grow the Cabela’s brand and will build on qualities that respective customers love most about Cabela’s and Bass Pro Shops. In addition, Bass Pro Shops recognizes the strength of Cabela’s CLUB Loyalty program and intends to honor Cabela’s customer rewards and sees potential over time to expand the program in the combined company.
Bass Pro Shops appreciates and understands the deep ties between Cabela’s and the community of Sidney, Nebraska. Dick, Mary and Jim Cabela founded their company in Sidney in 1961, and the company has flourished with its base of operations there ever since. Bass Pro Shops intends to continue to maintain important bases of operations in Sidney and Lincoln and hopes to continue the very favorable connections to those communities and the Cabela’s team members residing there.
Bass Pro Shops Founder and CEO Johnny Morris will continue as CEO and majority shareholder of the new entity, which will remain a private company with a continuing long-term view of supporting the industry and conservation. Morris earned a reputation as a leading retailer and conservationist. In 2008, the National Retail Federation named him as Retail Innovator of the Year. In 2015, the same organization named him as one of 25 People Shaping the Future of Retail in America. In 2012, The Association of Fish and Wildlife Agencies named Morris Citizen Conservationist of the Year.
“Conservation is at the heart and soul of Bass Pro Shops. Bass Pro Shops and Cabela’s share a steadfast belief that the future of our industry, and the outdoor sports we all love, depends – more than anything else – on how we manage our natural resources,” said Morris. “By combining our efforts, we can have a profound positive impact on the conservation challenges of our day and help foster the next generation of outdoor enthusiasts.”
Bass Pro Shops is proud to have secured preferred equity financing from the Merchant Banking Division of Goldman Sachs and Pamplona to facilitate the transaction. Goldman Sachs has committed $1.8 billion and Pamplona has committed $600 million for a total preferred financing commitment of $2.4 billion.
The Merchant Banking Division of Goldman Sachs is one of the leading private equity investors in the world, focusing on assisting large, high-quality companies with best-in-class management teams to achieve their growth objectives. The division brings significant experience and a strong track record of success in supporting industry-leading founder-led businesses. Pamplona Capital Management is a New York and London based specialist investment manager established in 2005. Pamplona is currently managing its fourth private equity fund, Pamplona Capital Partners IV, LP, which was raised in 2014. Pamplona invests long-term capital across the capital structure of its portfolio companies in both public and private market situations.
The transaction provides Cabela’s shareholders with a premium of 19.2% to Cabela’s closing share price on Sep. 30, 2016, the day prior to announcement of the transaction, 39.7% to the closing share price on Dec. 1, 2015, the day before Cabela’s announced its exploration of strategic alternatives and 57.1% to the 90-day volume weighted trading average prior to Dec. 1, 2015. Immediately prior to closing, Capital One will acquire certain assets and assume certain liabilities of Cabela’s World’s Foremost Bank. The cash proceeds from this transaction will remain with Cabela’s until it is acquired by Bass Pro Shops.
The transaction agreements were unanimously approved by Cabela’s Board of Directors following a comprehensive review of strategic and financial alternatives.
The transaction, which is expected to close in the first half of 2017, will be completed through a cash merger and is subject to approval by Cabela’s shareholders, as well as regulatory approvals and other customary closing conditions.
J.P. Morgan served as exclusive financial advisor to Bass Pro Shops and Latham & Watkins served as Bass Pro Shops’ legal counsel, with expert assistance from O’Melveny & Myers. Goldman, Sachs & Co. served as financial advisor to The Merchant Banking Division of Goldman Sachs and Davis Polk & Wardwell LLP served as legal advisor. Goldman, Sachs & Co. also served as advisor to Bass Pro Shops on the bank transaction, and Morrison & Foerster served as legal counsel. BofA Merrill Lynch, Wells Fargo Securities LLC, Citigroup Global Markets Inc., RBC Capital Markets, UBS Securities LLC, and Goldman Sachs are providing debt financing to support the transaction. Guggenheim Securities served as exclusive financial advisor to Cabela’s and Sidley Austin LLP and Koley Jessen P.C., L.L.O. served as Cabela’s legal counsel.
The Kessler Group and Credit Suisse acted as financial advisers to Capital One and Wachtell, Lipton, Rosen & Katz and Chapman and Cutler acted as legal advisers.