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Columbia Sportswear Company Message Board

  • kryvor kryvor Jan 18, 2008 2:31 PM Flag

    Seems well-priced ... but waiting till February

    I currently view COLM as being "moderately undervalued". It has low debt, and a history of good RoE, and is starting to show up on my stock screens.

    I'm interested in taking a position -- I think that their brand name is very solid and well-diversified. (At least where I'm from, *everyone* has at least one item made by COLM -- usually winter jackets.)

    But that said, I think that I'll wait until after January 31st in the hopes that they'll have some bad short-term news -- compared to most retailers, this stock is a bit on the pricey side, and given how other consumer-oriented companies are being priced for an impending apocalypse, this stock can afford to lose a few dollars before it becomes more attractive.

    The fact that 21% of the float is currently short also seems pretty high, and this suggests to me that other people are also expecting it to drop in the near-term.

 
COLM
60.28-1.22(-1.98%)Jul 6 4:00 PMEDT