Sunshine12 wrote:There is no way Cabelas is going to leave Sidney. Who wants to move to a big noisy smelley city where you have to battle the traffic, crime and God knows what else. People come to Cabelas to get good jobs and to live in a smaller community. Sidney is booming and no one, not Elliott especially is going to stop that. Cabelas is strongly committed and deeply entrenched in Sidney. I cannot even understand why ConAgra would relocate to a city like Chicago. In a recent study, Chicago is the second city in the US that people want to get AWAY from.
Activist investors could care less about that stuff. Their game is all about boosting the stock price of the companies they invest in. Uprooting or selling a company in a "podunk" western Nebraska town is fine as long as the value of their shares goes up. These investors are modern day corporate raiders like what was popular in the 80's.
I'm Libertarian leaning and understand that sacrifices are inevitable in the name of capitalism, but it just pains me to see these investors go in and destroy communities just to make a buck.