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Columbia Sportswear Company Message Board

  • goodman.matthew goodman.matthew Oct 26, 2007 11:08 AM Flag


    will somebody smarter then me please provide some sort of explanation as to the meteoric drop in what i thought was a value play company.

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    • Weak earnings report:
      - Q4 EPS guided lower
      - Flat spring backlog (difficult comp vs. 15.4%, but still well below estimates)
      - Europe sales still showing no signs of recovery
      - Recent acquisitions still struggling (Montrail sales down 28%, Pacific Trail down 87%)
      - Expected margin pressure from the marketing and retail initiatives in '08 (will hopefully improve margins in '09 and beyond)

      I was bullish on COLM before the report, and now I'm just glad I had the opportunity to get out afterhours in the 52's. I'll probably get back in if this gets to 45.

53.37+0.37(+0.70%)May 27 4:00 PMEDT