Does anyone on this board have a handle on the stock option situation at COLM?
I am new to COLM, and am considering an investment here. The financials, growth, margins, etc. all look good and represent a growing, well run company. I like the industry as well, and my experience with the products and brand is positive.
As an investment, I am concerned about the insider selling that is occuring. Also, I am surrpised that despite a $100M share buy back program announced at start of 2004, the actual # of shares is not really decreasing. Is the company basically soaking up shares issued as options to inside directors and then sold into the market? If so, this makes company a lot less attractive, at least to me, because $100M is about all the FCF the company generates.
Any info from more knowledgeable investors would be very much appreciated.