Stock #5: Cabela's (CAB)

Posted May 31st 2009 1:30PM by Jamie Dlugosch
Filed under: Stocks to Buy

Stock #5: Cabela's (CAB) I started taking my daughter fishing when she was three years old. She has been hooked ever since. This year will be our first experience dropping lines from a boat, and I can't wait. That said, I need to gear up. That means taking a trip to Cabela's (NYSE: CAB) to buy all of the latest fishing gear.

Like most retailers, CAB has struggled with a stubborn economy. At the low, CAB traded for less than $5 per share. It has recovered smartly to its current price of $12. I suspect other fathers like me are heading to CAB en masse.

This is not just a bounce from the lows. It's the start of a new trend higher. Buy some shares of CAB, and then head to a local store to buy gear for your own fishing trip.

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Tags: CAB, Cabelas, consumer stocks, Jamie Dlugosch, retail stocks, stocks to buy

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Reader Comments (Page 1 of 1)

5-31-2009 @ 7:57PM

ij70 said...

The unemployed are heading to the river to catch dinner. And it is likely that we will have 23,000 more unemployed after Monday announcement.

Should be interesting to see how well hunting licenses will sell this Fall.