Flood

So here we have a recent headline from the local newspaper.. It reads what a difference a year makes.. That's an understatement...  The housing market is flooded with homes for sale,, 200 sellers seek buyers.. It's a buyers market out there right now and you can almost name your price..  What I remember in the ten or so years before this past year was the headlines "housing shortage in Sidney"  And that was so true, you just couldn't find housing, either it was too much (too costly) or it wasn't the right house...  To me right now is the perfect time for Sidney to get the housing they need built for the future.. Trouble is this:   http://seekingalpha.com/article/3973600-cabelas-weakness-stay  the article states the Cabela's weakness is to stay..  No one knows what is about to happen there and it is the reason why every block in town has at least one house for sale..
September 24, 2015 http://www.suntelegraph.com/story/2015/09/24/community/sad-day-for-cabelas-cabelas-lays-off-nearly-70-corporate-employees/8088.html   in which the story tells of 70 employees were let go at Cabela's  shortly after the news of Elliott investment buying x percentage of stock in the business which made a lot of people excited for some reason.. I at the time read all the  people saying how great this is and my answer was don't bet on it.. And two weeks later they found out why...So Sidney sits, waiting for the answer to the great question well now what??  To which the answer is anyone want to buy a house??  It's in the Ranch subdistrct and is fairly cheap??   Cabelaville still hasn't gotten off the ground.. I remember this past February seeing them start this house above and hearing a lot of people say this means Cabela's will stay here, they aren't going anywhere...  And in the story it says the house isn't completed yet, it's just the house, the inside still has to be finished...    Nice picture though... http://fortune.com/2016/06/05/cabelas-shares-down-sale-possible/  Now may be a good time to sell your Cabela's stock.. I wondered why with the sale might be happening or a buyout that the stock price might rise for just a moment then collapse again because the stock never has done much since being issued.. It was a cash grab, the type that will be their undoing because the family didn't think enough about it to buy enough to be at the 51% majority to keep this type of thing from happening...  Hopefully the company stays put.. A year ago the story says if Cabelas goes this becomes a ghost town.. and it might be headed that way.. Very sad if it does happen.. A lot of people from here may not be here in another year or two...


Badge Henry