Why Are These Official Hotels For The SHOT Show?

The SHOT Show always has a number of “official” hotels where their travel company has negotiated special rates for attendees and exhibitors. One of the pluses of staying at one of these on-the-Strip hotels is that there is shuttle bus service to the Sands Expo Center.

For those that are not aware of it, Question 1 on the ballot in Nevada is on universal background checks. It would criminalize the sale or transfer of a firearm between private individuals unless a background check was performed by a FFL. While there are limited exceptions to this, the first offense is a gross misdemeanor and the second offense is a Class C felony.

This initiative was proposed by Nevadans for Background Checks which is a front group for Michael Bloomberg and his Everytown Moms for Illegal Mayors. Tara Paone is a listed as a director of this group. As Jeff Knox notes, she is also the Treasurer for Everytown and was listed as a director in Washington State’s I-594 universal background check initiative.

I am firmly of the belief that if this initiative passes that the SHOT Show, Safari Club International, and other firearms related organizations should forever move their trade shows and conventions out of that state. You don’t reward states that don’t respect your civil rights. The LGBTQ community is very good at this.

That got me to questioning who was financially supporting the initiative and who was funding the opposition. Here is where it gets interesting. There was the big money (over $100,000) donations from Everytown and from Seattle billionaire Nick Hanauer. Hanauer spent over $1 million in a successful effort to pass Washington’s I-594 initiative. These type of donations were expected. What I would not have expected were substantial donations from a number of the casino and hotel companies.

  • MGM Resorts International – $25,000 – 1/22/2016
  • Caesar’s Enterprise Services LLC – $25,000 – 12/29/2015
  • Wynn Resorts Ltd. – $50,000 – 9/29/2015

There is nothing like biting the hand that feeds you. Just so you are aware, let’s see what hotels and casinos belong to each of these groups. I’ve noted whether it was an official hotel or not as well.

MGM Resorts International 

  • ARIA
  • Bellagio – Yes
  • Vdara
  • MGM Grand – Yes
  • Skylofts at MGM Grand
  • The Signature at MGM Grand
  • Mandalay Bay
  • Delano Las Vegas
  • The Mirage – Yes
  • Monte Carlo – Yes
  • New York – New York – Yes
  • Luxor – Yes
  • Excalibur -Yes
  • Circus Circus – Yes
  • Anthology Suites & Villas
  • Bally’s – Yes
  • Caesars Palace – Yes
  • The Cromwell
  • Flamingo – Yes
  • Harrah’s – Yes
  • The LINQ – Yes
  • Paris – Yes
  • Planet Hollywood – Yes
  • Rio
*Caesar’s Enterprise Services LLC is a spin-off from Caesars Entertainment. It was set up in 2014 to protect the company in case they had to declare bankruptcy.
  • Wynn Las Vegas
  • Encore
So what does this leave in the way of official hotels whose owners have not donated to Bloomberg’s universal background check initiative?
  • The Ventian – owned by Sheldon Adelson’s Las Vegas Sands
  • The Palazzo – owned by Sheldon Adelson’s Las Vegas Sands
  • Elara – owned by Hilton
  • Hilton Grand Vacations – owned by Hilton
  • SLS Las Vegas – owned by Sam Nazarian’s SBE Corp.
  • Stratosphere – owned by American Casino & Entertainment Properties LLC
  • The Cosmopolitan – owned by Blackstone Group (investment bankers)
  • Treasure Island – privately owned by Phil Ruffin
  • Tropicana – owned by Hilton
  • Trump Las Vegas – owned by you know who
  • Westin – owned by Marriott International
If you are staying in one of these hotels, you have a decent assumption that you are not subsidizing the anti-gun forces. It makes me glad we finally settled on the Westin instead of Bally’s.
There are plenty of other hotels, motels, and casino properties where you can stay in Las Vegas that are not part of the cabal trying to steal your rights. You might want to go here to check on alternatives.
This leaves the opposition to the initiative. The NRA-ILA has been very active from what I have read but Bloomberg has bought most of the air time. According to the Las Vegas Review-Journal, the NRA Nevadans for Freedom has spent about $140,000 on ads. This contrasts with the $800,000 spent by the Bloomberg group. I have read that the NSSF’s #GunVote is doing some work against the initiative but I’m not sure what. I do have a question on various Nevada shooting forums asking about it.

Great Use Of Technology To Advance Gun Rights

I just saw something that I wish every state’s gun rights organization would adopt. It is a voter app customized to where the voter lives and has the ratings of the candidates on gun rights and Second Amendment issues.

The Buckeye Firearms Association is on the cutting edge of the fight for our rights. This app is only part of it. The other is their F.A.S.T.E.R. program which teaches armed defense to school personnel in those districts that will allow it. My colleague Rob Morse went through the F.A.S.T.E.R. program so he could observe what they do. Here is his report on it. In addition, BFA has provided trauma kits to schools around the state of Ohio.

More info on their app:

Now Ohio voters can create a voter guide customized for the ballot in their district with the new mobile app atOhioGunVote.com.

OhioGunVote.com will allow Ohio’s gun owners to quickly see which candidates support Second Amendment rights.

The app reveals grades and endorsements from both Buckeye Firearms Association PAC and the NRA Political Victory Fund on a smartphone, tablet or desktop computer.

This easy-to-use application eliminates the need for voters to know their exact voting district or be forced to choose the correct district from a list of several hundred races which are on the ballot across Ohio.

“Our organization represents the interests of more than 4 million gun owners in Ohio,” said Dean Rieck, Executive Director of Buckeye Firearms Association. “And these gun owners are highly protective of their Second Amendment rights.

“So we created this app to give them the power to see exactly which candidates in their voting district best understand their concerns and have demonstrated support for gun ownership, hunting, sport shooting, and related activities.”

In addition to showing statewide candidates and candidates running for the Ohio House and Senate, the app also shows select local candidates who may be running for Judge, Sheriff, Commissioner, and other positions. Note: not ALL candidate have been graded, only those in key or contested races.

The application is simple to use:

•Visit www.OhioGunVote.com on your phone, tablet, or desktop.
•Enter your LAST NAME, STREET NAME, and ZIP CODE. (If you live at 123 Main St., enter just MAIN. If you live at 2500 N. St Rt. 741, enter just 741.)
•Select your COUNTY from the list of Ohio counties.
•Press “Lookup Voter Record” and select your name to see the candidates on your ballot.

The app uses the Ohio Secretary of State voter records to find the exact voting district for you. So the results you see are just the candidates who will appear on your ballot for this election.

“It’s no secret that gun owners are a serious voting block,” said Rieck. “They are politically active and have high expectations of their elected officials. They do their research and they vote. Gun owners can easily turn an election when they feel their rights are at stake.”

Interested voters can also download a printable Voter Guide listing all the grades and endorsements of Buckeye Firearms Association PAC in the BFA Election Center.

Buckeye Firearms Association is a grassroots organization dedicated to defending and advancing the right of citizens to own and use firearms for all legal activities, including self-defense, hunting, competition, and recreation.

H/T Outdoor Wire

Tweet Of The Day

The tweet of the day comes from BearingArms.com editor Bob Owens. This was in response to a tweet by former Attorney General Eric Holder.

You can see Holder’s full tweet below:

Lest we forget, Holder was found in Contempt of Congress for withholding documents (among other things) during the hearings into Operation Fast and Furious.

As to “acting on command”, one must wonder what current Attorney General Loretta Lynch’s marching orders were from President Obama that she passed on to FBI Director James Comey. Hmm?

“Donald Trump Is An Asshole”

Evan Kostreva of On Point Firearms puts out an occasional newsletter. He sent out one on Saturday afternoon. His thoughts captured what a lot of us are feeling especially after a week in which all we heard in the media was that Donald Trump is a sexist boor.

Evan graciously gave me permission to reprint his comments. It is a bit of a rant but it is on target.

Donald Trump is an Asshole

Donald Trump is an asshole. Thankfully, that doesn’t matter in a president. We’ve all had bosses or friends or family members that are assholes. And guess what, they all managed to do whatever job they’re doing. It’s of no consequence. There are plenty of assholes in the world. I’m one of them, I should know. You might be one also. I’m not going to have a beer with Trump. He’s not coming over for Thanksgiving dinner. I don’t care. People have written literally dozens of books on the Clintons. Guess what? They’re assholes too.

Donald Trump is an asshole. He has hurt some people’s feelings. In contrast, the Clintons have blood on their hands and have left a trail of dead bodies in their wake a mile long. And look what happens when you choose a president that is hip and cool. You get 8 years of Barack Obama hanging out with Jay-Z and Beyonce.

Donald Trump didn’t pay taxes. So what. Apple doesn’t pay taxes and you keep buying their shit. Lots of rich people don’t pay taxes. There’s a whole cottage industry called “wealth management” that finds creative ways to hedge the rich from taxes. I file deductions every year– as many as my poor ass can manage. I hope you do the same. Is it fair? Probably not. But you know why those loopholes are in place? Because of career politicians like Hillary Clinton. She’s been at this game for decades. What good has she done for this country? Our tax code is a joke and it’s because of crooked politicians like the Clintons. The Clinton Foundation doesn’t pay taxes. It’s nothing more than a giant money laundering scheme for their cronies.

Barack Obama has weaponized the IRS and other areas of the government to attack our Constitutional rights. Operation Chokepoint targeted firearms-related businesses. That’s why my bank of 15 years just dropped me as a client two weeks ago. Imagine the outrage if banks discriminated against the LGBT community, blacks, or Muslims. You wouldn’t hear the end of it. But because liberals hate the 2nd Amendment, it’s okay. No media coverage. No outrage. This policy literally threatens my way of life– and my ability to provide for my family.

Are you better off after 8 years of Obama? Do you want 8 more years of this bullshit under Hillary Clinton? It is impossible for Donald Trump to do a worse job than Obama or Hillary. Impossible. Our country cannot take much more. Obama preaches about low unemployment and the recovery of the economy. That’s laughable. Most of my customers cannot afford to buy a $200 knife from me– let alone a $2000 rifle. It was different a few years ago. Things are worse now. Your dollar doesn’t buy much. The entire financial system is on the brink of collapse. There is much uncertainty in the market. The failed policies of this administration have cost many folks their livelihoods– their homes and cars, their marriages. Can you afford 8 more years of this? I cannot.

My son is going to grow up in an America that is unrecognizable. The good old days are long gone. “Hope and Change” failed miserably. We need a major course correction and Trump is the asshole to do it. That’s my rant for today. I’m going to mow my yard and kick something in anger. Have a good weekend and God bless you and yours. God bless America. We need it.

— Evan

Evan runs a firearms and accessories business down in St. Pete, Florida. His website is here.

As to Trump’s comments to Billy Bush (nephew of George H. W. Bush and 1st cousin of W), they were rude, crude, and unattractive. Very few men unless they are up for sainthood have not said or thought something similar, if maybe less crudely, to other guys. I’d wager many women have said or thought the female equivalent about some guy’s buns or his “package”. The only difference is that we weren’t being recorded and it wasn’t “discovered” 11 years later in some video vault as we were running for President.

The Republican politicians who are stampeding to disavow Trump are what Trump said he’d grab. Their moral righteousness and prudishness is disgusting. Their weak spines are why our national debt is out of control and why even with majorities in both houses of Congress we still don’t have national reciprocity. The only reason to vote for some Republicans is because it would be even worse for gun rights if Democrats controlled things.

I don’t like Donald Trump any more than I like Hillary Clinton. However, while the former is a boor the latter is the avowed enemy of my civil rights. As I said three months ago, #NeverTrump means #NeverGuns. I will vote for Donald Trump whether I like it or not. Pragmatism and my gun rights must rule the day.

Bloomberg Buying Another Attorney General For Pennsylvania?

Michael Bloomberg’s first attempt at buying an Attorney General for Pennsylvania didn’t end too well. As most know, his investment in former AG Kathleen Kane was for naught as she had to resign her office in disgrace.

However, like any good investor Bloomberg is resilient. He knows that if one investment doesn’t pay off you cut your losses and look for a better one. His new investment is named Josh Shapiro. Mr. Shapiro is a former Pennsylvania State Representative and is the current chairman of the Montgomery County (PA) Board of Commissioners. Shapiro is the Democratic nominee for Attorney General of Pennsylvania.

“Gun violence” (sic) is one of the items on Mr. Shapiro’s agenda.

“The horrific violence perpetrated against victims in every corner of our Commonwealth makes clear that we must do more to combat gun violence. Gun trafficking, straw purchases, and gray market gun sales threaten us all by putting weapons in the hands of dangerous people. As Attorney General, I will aggressively pursue the sources of these illegal guns and work with police and prosecutors across Pennsylvania to reduce gun violence.” – Josh Shapiro

  • Beef up and expand the Gun Violence Task Force beyond Philadelphia’s borders.
  • Establish and implement model gun show procedures.
  • Prosecute prohibited purchasers who fail background checks.
  • Review concealed carry permit reciprocity agreements.
  • Increase awareness of laws against straw purchasing and simplify purchase forms.
  • Expand background checks to cover private sales of long guns.
  • Advocate for a statewide lost or stolen gun reporting requirement.

 You may wonder why in a state with over 1 million hunters that a candidate for attorney general would think gun control is a winning platform. Perhaps it is because he has 250,000 reasons to be for gun control.

From the Pittsburgh Post-Gazette:

Democratic Attorney General candidate Josh Shapiro may favor a number of gun-control initiatives, but he doesn’t lack for political ammunition. According to campaign-finance reports released last week, he received an eye-popping $250,000 donation from former New York City Mayor Michael Bloomberg, a leading proponent of more expansive gun-control measures nationwide.

That Aug. 1 contribution accounted for more than 9 cents of every dollar raised by Mr. Shapiro and his rival, state Sen. John Rafferty, R-Montgomery, this summer.

 The NRA-PVF has rated Sen. Rafferty as an A- and given him their endorsement. Meanwhile, Shapiro was lucky to get a D instead of a F.

While anti-gun attorneys general do not make the law, how they carry it out sets policy. You can see that in the past month with the way Massachusetts AG Maura Healy has redefined what qualifies as an “assault weapon” in that state making thousands of gun owners potential felons. Moreover, carry reciprocity agreements have been negated by both former Pennsylvania AG Kane and by current Virginia AG Mark Herring. While Herring’s attempt was overthrown by legislation, I don’t recall that Kane’s move has been.

I have seen reader polls putting Rafferty ahead of Shapiro in this race but I don’t put much faith in them. With Hillary leading Trump in the state and Pat Toomey (RINO-PA) dead even with Katie McGinty (D-PA), down ticket races like this will be impacted. I hope for my friends in Pennsylvania that Rafferty can pull this one out.

Another Record Month For NICS Checks

The National Shooting Sports Foundation released their adjusted-NICS checks report this week. It marks the 17th straight month with year over year increases compared to the same month in the prior year.

From NSSF:

The September 2016 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure of 1,156,961 is an increase of 7.9 percent compared to the September 2015 NSSF-adjusted NICS figure of 1,071,945. For comparison, the unadjusted September 2016 FBI NICS figure of 1,983,596 reflects an 11.0 percent increase from the unadjusted FBI NICS figure of 1,786,743 in September 2015.

You can see it graphically in the chart below:

 September 2016 also marks the highest September in the past 17 years.

The adjusted NICS checks subtract out the NICS checks that are used by many states for carry permit checks and rechecks. States such as Connecticut and Illinois use the NICS database for their checks.

It should also be noted that in many states such as North Carolina and Texas a carry permit substitutes for a NICS check. While the retail purchaser must file out a BATFE Form 4473, a NICS check is not run.

Depending upon how close the election is in October and the likelihood of Hillary Clinton winning, I would not be surprised to see another record month for October. If Clinton wins, God forbid, then Katie bar the door.

This post was co-written by John Richardson and Barb Richardson

Official Release On Bass Pro Shops’s Buy-Out Of Cabela’s

Below is the official press release taken from the Cabelas’ investor relations page. I only wish I had bought Cabelas’ stock back in February of this year when it had dipped down to about $39 per share. The all-cash purchase price is $65 per share!

Though the two stores are very similar I end to prefer Cabela’s over Bass Pro Shops.

Legendary Outdoor Brands Bass Pro Shops and Cabela’s to Combine

Merger Will Enhance Ability to Serve Outdoor Enthusiasts with Complementary Product Offerings and Geographic Footprints

Cabela’s Shareholders Will Receive $65.50 Per Share in Cash

Bass Pro Shops Entering into Multi-Year Credit Card Partnership with Capital One

Bass Pro Shops and Cabela’s Club Customer Loyalty Programs Remain Unchanged

SPRINGFIELD, Mo. & SIDNEY, Neb.–(BUSINESS WIRE)–Oct. 3, 2016– 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, 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.


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.


This communication does not constitute an offer to sell or the solicitation of an offer to buy the securities of Cabela’s Incorporated (the “Company”) or the solicitation of any vote or approval. This communication is being made in respect of the proposed merger transaction involving the Company, Bass Pro Group, LLC (“Bass Pro Group”) and a wholly-owned subsidiary of Bass Pro Group. The proposed merger of the Company will be submitted to the stockholders of the Company for their consideration. In connection therewith, the Company intends to file relevant materials with the Securities and Exchange Commission (the “SEC”), including a definitive proxy statement. However, such documents are not currently available. The definitive proxy statement will be mailed to the stockholders of the Company. BEFORE MAKING ANY VOTING OR ANY INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders may obtain free copies of the definitive proxy statement, any amendments or supplements thereto and other documents containing important information about the Company, once such documents are filed with the SEC, through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by the Company will be available free of charge on the Company’s website at www.cabelas.com under the heading “SEC Filings” in the “Investor Relations” portion of the Company’s website. Stockholders of the Company may also obtain a free copy of the definitive proxy statement and any filings with the SEC that are incorporated by reference in the definitive proxy statement by contacting the Company’s Investor Relations Department at (308) 255-7428.


The Company and its directors, executive officers and certain other members of management and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information about the directors and executive officers of the Company is set forth in its Annual Report on Form 10-K for the fiscal year ended January 2, 2016 and Amendment No. 1 thereto, which were filed with the SEC on February 22, 2016 and April 29, 2016, respectively, and in subsequent documents filed with the SEC, each of which can be obtained free of charge from the sources indicated above. Other information regarding the participants in the proxy solicitation of the stockholders of the Company and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the preliminary and definitive proxy statements and other relevant materials to be filed with the SEC when they become available.


This document contains “forward-looking statements” that are based on the Company’s beliefs, assumptions, and expectations of future events, taking into account the information currently available to the Company. All statements other than statements of current or historical fact contained in this report are forward-looking statements. The words “believe,” “may,” “should,” “anticipate,” “estimate,” “expect,” “intend,” “objective,” “seek,” “plan,” “confident,” and similar statements are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties that may cause the Company’s actual results, performance, or financial condition to differ materially from the expectations of future results, performance, or financial condition the Company expresses or implies in any forward-looking statements. These risks and uncertainties include, but are not limited to: the satisfaction of the conditions precedent to the consummation of the proposed merger, including, without limitation, the receipt of stockholder and regulatory approvals; unanticipated difficulties or expenditures relating to the proposed merger; legal proceedings, judgments or settlements, including those that may be instituted against the Company, the Company’s board of directors, executive officers and others following the announcement of the proposed merger; disruptions of current plans and operations caused by the announcement and pendency of the proposed merger; potential difficulties in employee retention due to the announcement and pendency of the proposed merger; the response of customers, suppliers, business partners and regulators to the announcement of the proposed merger; the state of the economy and the level of discretionary consumer spending, including changes in consumer preferences, demand for firearms and ammunition, and demographic trends; adverse changes in the capital and credit markets or the availability of capital and credit; the Company’s ability to successfully execute the Company’s omni-channel strategy; increasing competition in the outdoor sporting goods industry and for credit card products and reward programs; the cost of the Company’s products, including increases in fuel prices; the availability of the Company’s products due to political or financial instability in countries where the goods the Company sells are manufactured; supply and delivery shortages or interruptions, and other interruptions or disruptions to the Company’s systems, processes, or controls, caused by system changes or other factors; increased or adverse government regulations, including regulations relating to firearms and ammunition; the Company’s ability to protect the Company’s brand, intellectual property, and reputation; the Company’s ability to prevent cybersecurity breaches and mitigate cybersecurity risks; the outcome of litigation, administrative, and/or regulatory matters (including the ongoing audits by tax authorities and compliance examinations by the Federal Deposit Insurance Corporation (“FDIC”)); the Company’s ability to manage credit, liquidity, interest rate, operational, legal, regulatory capital, and compliance risks; the Company’s ability to increase credit card receivables while managing credit quality; the Company’s ability to securitize the Company’s credit card receivables at acceptable rates or access the deposits market at acceptable rates; the impact of legislation, regulation, and supervisory regulatory actions in the financial services industry; and other risks, relevant factors, and uncertainties identified in the Company’s filings with the Securities and Exchange Commission (“SEC”) (including the information set forth in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended January 2, 2016, and in Part II, Item 1A, of the Company’s Quarterly Report on Form 10-Q for the first quarter ended April 2, 2016), and in subsequent filings, which filings are available at the SEC’s website at www.sec.gov. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. The Company’s forward-looking statements speak only as of the date of this document. Other than as required by law, the Company undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.

If You Live In Western NC

The last gun show in the Asheville area before the general election is this coming weekend, October 8th and 9th. The Grass Roots North Carolina booth needs volunteers to help man it. I will be there and so potentially will the Complementary Spouse. See the announce below for contact information.

Asheville Gun Show Needs Volunteers! 

Volunteers are needed to help man the GRNC table at the upcomingMK Shows Gun Show, in Asheville, on October 8th and 9th, 2016. The show will be held at the WNC Agricultural Center, located at 1301 Fanning Bridge Rd., Fletcher, NC, 28732.

Help defend Second Amendment freedom and join GRNC in expanding North Carolina gun rights!

Potential Volunteers should contact John Hammond atJohnDHammond@msn.com, or by phone at 828-699-3117.

Attempt To Zone Gun Stores And Ranges Out Of Existence

The Illinois State Rifle Association sent out the following alert concerning a change in zoning in West Chicago, Illinois. The city is a small municipality located in DuPage County which is west (go figure) of Chicago.





On Tuesday night, the West Chicago
zoning commission will consider a measure that would effectively ban the
operation of a firearm retail store or range anywhere in the village. 
This proposed measure is the dirty work of the gun grabbers and is
designed to squeeze the 2nd Amendment out of existence.


gun grabbers’ plan is to inflict “death by a thousand cuts” on your
right to keep and bear arms.  The West Chicago zoning proposal plays
right into that overall plan.  Bit by bit, the gun control movement
plans to diminish exercise of your 2nd Amendment rights.  They’ll sit
and smile while telling you they “…won’t take your guns” while, all
the time, working to make firearm ownership too impractical and too
expensive for the average citizen.


Attend the West Chicago Zoning Board of Appeals/Planning Commission
Meeting to be held at 7 pm Tuesday, October 4, in the Council Chambers
of West Chicago City Hall. City Hall is located at 475 Main Street, West
Chicago, Illinois.  We recommend that you get there by 6:30 PM to
ensure that you get a seat.

2.  Be prepared to vigorously defend
your right to keep and bear arms.  You may have the opportunity to
address the Zoning Commission so know your facts about your nation’s
heritage of safe, lawful and responsible firearms ownership.

If you see members of the media at the meeting, approach them and tell
them you are a law-abiding firearm owner who is sick and tired of
baseless attempts to curtail your rights.

4.  Pass this alert along to your gun-owning friends and family.

5.  Please post this alert to any social media sites or Internet blogs to which you may belong.


The text of the proposed zoning change is archived here. 

Reading over the proposed zoning change to the B-2 and B-3 zoning districts, gun stores and gun ranges (which can be only located indoors and as an ancillary use to a gun store) cannot be located within 1,000 feet of one another, of a residential housing zone in West Chicago or another municipality,  and of “any educational institution that serves minors; daycare center; cemetary, public park; forest preserve; historic district; public library; dwelling used for residential purposes; or place of religious worship.”

If you look at the 2016 zoning map for West Chicago, a 1,000 feet is approximately 3/4 inch. Using that measurement, I can find only two tiny locations located in a B-2 zoning district that might even qualify as they aren’t next to a residential housing zone or forest preserve. Not knowing the locations of schools, daycare centers, etc., I can’t even be sure of that.

The zoning code of West Chicago only permits listed uses within the manufacturing and office, research, and light industrial districts. No retail establishments are permitted within the manufacturing district unless ancillary to a manufacturing business. Thus, a gun maker could have a gun store within that district. I see no normal retail stores listed as a permitted use within the office, research, and light industrial district.

What the city of West Chicago is trying to do is called redlining. That is, to deny services to certain users based upon their characteristics. Traditionally, it was used to deny financial and business services to racial or ethic groups based upon where they lived. This redlining is at the heart of the dispute in the 9th Circuit in the case of Teixeira v. Alameda County. The 9th Circuit found that the right to bear arms includes the right to purchase them.

If you live in the Chicagoland area, I would urge you to attend this meeting. I would remind the council of the 9th Circuit’s ruling in Teixeira and the 7th Circuit’s ruling in Ezell which found that the City of Chicago couldn’t prohibit gun ranges.

Military Arms Channel Reviews The Remington R51 Gen 2

I had high hopes that Remington had figured out the problems with the R51 9mm pistol. Being that it was based upon a design by John Pedersen, the Cruffler in me was excited when it first came out. They have had two years since they recalled the pistol to make corrections in manufacturing and design.

If the problem encountered with hollow point bullets by the Military Arms Channel is any indication, they have some more work to do if they want it to be considered a true carry gun. That is because most people unless they live in New Jersey carry hollow point ammo in their carry gun. As you can see in the video below, the hollow point cartridge “dives” on the second or third round shot.

The other thing that would make me leery of buying a R51 is the difficulty in field stripping it and reassembling it. I just know I’ll miss one step and have to start over from the beginning.

I know people dumped on Remington for their mistakes with the first R51 especially after the glowing reviews it got based upon pre-production samples. That said, I don’t know many who didn’t want them to get it right on their second attempt.

Oh, well.