They are closing 32 store at this point...not going out of business. They got caught up in the success of the last 8-years while the industries best salesman was in the White house and over extended on their expansion. This restructuring should make them a stronger company that is able to compete on pricing again. Once the smoke clears anyway.
Also, the Bass Pro and Cabela's deal is far from complete and from my perspective, it isn't likely to happen at all.
-WB