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[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]




Gander Mountain: Going Private, Sending a Message

Andrew Snyder (September 28th, 2009) Writes:

I hope the federal government is paying attention. As regulations and costs increase, more companies, like Gander Mountain (NASDAQ:GMTN) are going private. It is not good news for the nation’s vital financial sector.

Could this be a sign of things to come? Earlier today, Gander Mountain (NASDAQ:GMTN) announced its two largest shareholders have made a deal to take the company private.

In an economic environment where regulations are increasing by the minute and costs are rising even faster, middle-weight companies are quickly realizing it is better business to buy their shares from the secondary market and go private.

Sure, the move is costing Gander Mountain a pretty penny – a premium of about 35% of Friday’s closing price – but the handful of investors that created the deal are certain their company will be better served without the regulations of the public market and without the ever-peering eyes

...

Element 21 Sports Company (ETGF.OB) Expands Retail Distribution Network to 860 Locations

QualityStocks (April 20th, 2009) Writes:

Element 21 Sports Company announced that its fishing rods distribution has multiplied in the last 6 months to more than 860 storefronts. These storefronts include Big Box stores: Bass Pro, Cabelas, Academy, West Marine, Sportsman’s Warehouse, Gander Mountain; and Distributors: Big Rock, Farris Brothers, Pitman Creek, Patches, Bishop, Hicks and Sports Supply.

“The sharp growth in the number of the retail locations is reflected in the revenue numbers, with the third quarter showing the best sales numbers in Element 21’s history,” commented Nataliya Hearn, CEO of Element 21.

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