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February 18th, 2022

Sportsman’s Warehouse Merger with Bass Pro Cancelled

Bass Pro Sportsman's warehouse merger cancelled

Big news in the Outdoor Sports retail industry — the Merger of Bass Pro with Sportsman’s Warehouse is NOT going to happen — the buy-out effort is halted. Under a planned merger deal, announced in late 2020, the Great American Outdoors Group, which now owns Bass Pro and Cabela’s, was going to purchase Sportsman’s Warehouse for $785 million. In 2017 Great American acquired Cabela’s for more than $4,000,000,000 (four billion). Great American (based in Missouri) was going to pay $18 a share for Sportsman’s Warehouse, a significant premium over the listed stock price. Sportsman’s Warehouse Holdings Inc. will now continue to operate independently from its HQ in West Jordan, Utah.

According to the Springfield Missouri News-Leader, the deal collapsed because of Federal Trade Commission (FTC) opposition, among other factors: “Nearly a year after Bass Pro entered into a merger agreement with Utah-based Sportsman’s Warehouse Holdings Inc., the deal is off, according to a federal filing dated Dec. 2 by Sportsman’s Warehouse. The filing stated that feedback from the Federal Trade Commission led both companies to believe that the deal would not get FTC approval.”

As listed in a Sportsman’s Warehouse SEC filing, Bass Pro’s parent company Great Outdoors LLC will pay Sportsman’s Warehouse $55 million to terminate the merger.

Bass Pro Sportsman's warehouse merger cancelled

According to Bloomberg, the cancellation of the merger is related to a 2021 Executive Order by President Biden instructing Federal regulators to boost competition in retail industries. Bloomberg also noted Sportsman’s Warehouse stock dropped signficantly after the planned merger was canceled.

Sportsman’s Warehouse Revenues Boosted Dramatically by Hunting and Shooting Sales
Jon Barker, President/CEO of Sportsman’s Warehouse Holdings, Inc., was disappointed that the Bass Pro merger did not go forward. However his company’s revenues are booming. According to SGB Online: “Sportsman’s Warehouse’s same-store sales surged 48.3% in fiscal year 2020 compared to fiscal year 2019. The gains were led by its hunting and shooting department, which showed a same-store hike of 70.0%. Hunting and shooting grew to account for 57.6% of Sportsman’s Warehouse’s sales in the year, up from 49.1% the prior year.”

Bass Pro Sportsman's warehouse merger cancelled

Both Bass Pro and Sportsman’s Warehouse Have Billions in Revenue
Had the merger gone through, approximately 110 stores (and $1.45 billion in sales) would have been added to the Great American Outdoors Group retail empire. SGB Online reported: “According to Moody’s, Bass Pro had revenues in the twelve months ended September 26, 2020, of $7.1 billion. Sportsman’s Warehouse’s sales in 2020 were $1.45 billion.”

Permalink - Articles, Hunting/Varminting, News 4 Comments »
February 18th, 2022

Running the “Mad Minute” with Lee-Enfield — Historic Gun Drill

Lee Enfield Mad Minute one-minute rifle drill British Army Gary Eliseo Dennis Santiago
British Lee-Enfield Model SHT’22/IV Rifle, courtesy www.iCollector.com.

Our friend Dennis Santiago was a technical advisor for History Channel’s Top SHOT TV show. One of the notable Top Shot episodes involved the “Mad Minute”, a marksmanship drill practiced by the British Army in the decades preceding World War I. Dennis observed that the Top Shot competitors didn’t fare too well in their “Mad Minute” attempts, not scoring many hits in the alloted one-minute time period. That prompted Dennis to give it a try himself — seeing how many hits he could score in one minute with an authentic Lee-Enfield rifle. So, a while back, Dennis ran the drill at a range in California.

Dennis, an active high power rifle competitor and instructor, enjoyed his “Mad Minute” exercise, though he assures us that this takes practice to perfect. Dennis tells us: “Here is a ‘Mad Minute’ drill, done using a period correct Lee-Enfield (SMLE) No.1 Mk III rifle and Mk VII ammo. I got to the Queen’s Regulations (15 hits in one minute) on the second run and put a good group on the target at 200 yards. This is ‘jolly good fun’ to do every once in a while. This is ‘living history’ — experiencing a skill from a time when the sun never set on the British Empire.”

Dennis Does the Mad Minute

Lee Enfield Mad Minute Mark IV
British Lee-Enfield Model SHT’22/IV Rifle, courtesy www.iCollector.com.

Lee Enfield Mad Minute Mark IVLee-Enfield No. 4 Rifle (1943), courtesy Arundel Militaria.

“Mad Minute” was a pre-World War I term used by British Army riflemen during training at the Hythe School of Musketry to describe scoring a minimum of 15 hits onto a 12″ round target at 300 yards within one minute using a bolt-action rifle (usually a Lee-Enfield or Lee-Metford rifle). It was not uncommon during the First World War for riflemen to greatly exceed this score. The record, set in 1914 by Sergeant Instructor Alfred Snoxall, was 38 hits. (From WikiPedia.)

Want to See More “Mad Minute” Action with a Modern Tubegun?
In 2012, Gary Eliseo ran a “Mad Minute” exercise using a modern, .308 Win Eliseo RTM Tubegun of his own making. Gary ended up with 24 hits on a bull target set at 300 yards. (Gary actually had 25 hits in 25 rounds fired, but the last round hit just after the 60-second time period expired.) Note how Gary pulls the trigger with the middle finger of his right hand. This allows him to work the bolt faster, using his thumb and index finger. CLICK HERE for Eliseo Tubegun Mad Minute story.

Watch Gary Elesio Shoot the ‘Mad Minute’ (Starts at 4:47 on Video)

NOTE: In an interesting coincidence, Dennis Santiago was actually in the pits pulling targets for Gary during Eliseo’s 2012 “Mad Minute” exercise.

History of the MAD MINUTE
Commentary by Laurie Holland, UK Shooter
The original military requirement of the “Mad Minute” saw the soldier ready to fire with a round in the chamber, nine in the magazine, safety on. This course of fire is still followed by the GB Historic Breechloading Arms Association and other bodies in their recreated “Mad Minute” competitions.

The first 10 would go quickly, but reloads were critical, this not done by a magazine change as Gary did with the RTM or in a modern tactical or semi-auto rifle, but through slick use of ‘chargers’. It is this aspect which fouls so many of my colleagues up as it is very easy to cause a jam and a large part of 60 seconds can go in sorting it out!

Charger clips were selected for those that just held the rounds firmly enough to stop then falling out, were sand-papered and polished with a stove / fireplace polish called ‘Zebrite’ so that the rimmed rounds would slip through the clips like corn through a goose.

lee enfield 1916 rifle

If you’re unfamiliar with the cock-on-closing Enfield action, it seems clumsy. With intensive practice it is very smooth and can be operated incredibly quickly. The trick is to whip the bolt back onto its stop and initiate a rebound movement that takes it and the cartridge well into the chamber thereby reducing the effort required to close the bolt and chamber the round.

The MAD MINUTE Training Standards and Target
“Mad Minute” was a pre-World War I term used by British Army riflemen during training at the Hythe School of Musketry to describe scoring a minimum of 15 hits on a target at 300 yards within one minute using a bolt-action rifle (usually a Lee-Enfield or Lee-Metford rifle). It was not uncommon during the First World War for riflemen to greatly exceed this score. The record, set in 1914 by Sergeant Instructor Alfred Snoxall, was 38 hits.

Mad Minute Lee Enfield
Royal Scots Fusiliers soldiers train with SMLE Mk III Lee–Enfield rifle.

Listed as “Practice number 22, Rapid Fire” of The Musketry Regulations, Part I, 1909, this drill required at least 15 shots on the Second Class target at 300 yards. The exercise was just one of several annual tests to classify a soldier as a sharpshooter, first or second class shooter depending on the points achieved.

Made Minute Second Class targetResearch indicates the Second Class target was a 48″ x 48″ square with 24″ inner circle and 36″ outer circle. The sight mark was a central 12″ x 12″ shape representing a soldier. ALL hits scored points (3 for center circle, 2 for outer circle, 1 for outer square). NOTE: Though some sources say the Mad Minute drill used a 12″-diameter round target, this appears to be a mistake from Ian Hogg’s book “The Encyclopedia of Weaponry”. No other source mentions a 12″ circle, which would be a mere 3.82 MOA. In reality the true drill target was a 48″ x 48″ square, roughly 15 times larger. (From No.WikiPedia.)

Permalink - Articles, - Videos, Competition, Shooting Skills 1 Comment »
February 18th, 2022

Gun Digest Book on .22 Caliber Rimfire Rifles (Plus .17s)

Gun digest book rimfire rifles NRL22 tactical .22 LR .17 HMR

There is a new guide to rimfire rifles — with a special focus on the tactical-style rigs used in NRL22 and similar competitions. Gun Digest’s Rimfire Revolution: A Complete Guide to Modern .22 Rifles, covers rimfire firearms, hardware, optics and ammo. Every major gun manufacturer has brought at least one new rimfire rifle to the market in the last two years, and these models are covered in detail. This 272-page book can help recreational shooters, competition shooters, and varmint hunters alike.

How to PREVIEW the CONTENT: Go to Amazon.com and click on “Look Inside” to see 100+ screen views from the digital Kindle version of the book.

Gun digest book rimfire rifles NRL22 tactical .22 LR .17 HMR

The .22 Long Rifle caliber is the most popular ammunition and firearm chambering in the world. It’s a backyard plinker, small-game hunter, tactical trainer and Olympic medalist. The humble .22 LR is undergoing a massive resurgence in the United States, and around the world. Topics covered in this full-color book include: complete coverage of semi-autos and how they work, bolt-action accuracy advice, match shooting tips, DIY precision gunsmithing, hunting with rimfires, and the future of the rimfire market. There is also a detailed, illustrated history of rimfire cartridges.

Additional Coverage of .17 Caliber Rimfire Options
This book also contains some sections on the popular .17 caliber rimfire cartridges: .17 HM2, .17 HMR, and .17 WSM. Of these three, the .17 HM2 (aka “17 Mach 2″) is the most affordable, the .17 HMR is the most popular, while the .17 WSM has the best ballistics by far.

Precision Rimfire Competition and Recommended .22 LR Rifles

Here are three videos covering NRL22 competition and .22 LR tactical bolt-guns that work well for these kinds of multi-position, tactical-style matches.

About the Rimfire Revolution Book Author
Michael R. Shea is a an editor-at-large at Field & Stream magazine, a contributing writer for Gun Digest the Magazine, and SHOT Business magazine. His work has also appeared in Men’s Journal, Outdoor Life, and Ducks Unlimited magazines and many more. He also directs a monthly National Rifle League .22 (NRL22) match in New York state.

Permalink - Articles, Bullets, Brass, Ammo, Competition No Comments »