Cabela's breaks silence, looks to "enhance shareholder value"

Cabela's announced Wednesday that the company's board of directors is beginning a process to "explore and evaluate a wide range of strategic alternatives to further enhance shareholder value."

There is no timeframe for the process, and the company said it wouldn't necessarily lead to a transition of ownership or any other changes.

"The board of directors and management team, working with advisers, plan to proceed in a timely and orderly manner, but have not set a definitive timetable for completion of this process," a media release explained. "There can be no assurance that this review process...