Cramer's 'Mad Money' Recap: Reposition for a Soft Landing (Cabela's Stock = CAB)

The third and final component is something Cramer called the power of hate. "If you really want to make money, you have to find a stock that is absolutely despised," he added.
Cabela's (CAB - news - Cramer's Take) is a hunting and fishing retailer "at a pivotal phase in its turnaround, and the stock is so hated," adding that the stock was a lemon straight out of the gate because the company was poorly run.
In addition to the massive same-store sales shortfall, both JPMorgan Chase and First Boston, who underwrote the IPO, never endorsed the stock. Cramer added that the analysts "are completely smug in the dismissal of the stock, and they're about to get their comeuppance."
Cabela's suffered from the price of gas, but with lower prices, comparable-stores sales should be up and costs should come down due to a new inventory system, Cramer said. "Management has also finally figured out what Wall Street likes, and that's growth." In addition to the 17 stores Cabela's operates, there are eight more slated to open in 2007.
Cramer also said that the shorts are all betting on another shortfall, and it's headed for a short squeeze. "Considering how cheap the stock is, what's not to like?" Cramer asked.
"I wouldn't buy it without anything but a tight limit order," Cramer warned, instead of picking up shares at the after-hours price.

Wow, what the hell did I miss; Cabela's stock is at 25.42 as I type this. Last I checked the stock oh say a month ago it was in the 18.00 neighborhood. I find the comments in the quote above hilarious. The only thing Cabela's does not realize is that they will never have big scale success and until they pull the mother ship out of Sidney, Nebraska. Not until then will you get competent people actually willing to relocate to become apart of the company.
Oh well... They don't know what the hell they are doing. They are internally killing their brand with each new catalog released, as quality has plummeted. I would say the number one shortfall the company is that they do not understand their customer base, and who their new customer base is, with the onset of conquering every state with a Cabela?s retail store