Q1 earnings good - forward outlook should sink the stock
COLM just reported Q1 '13 earnings that beat the street by 21 cents, but they also guided lower for Q2 and for the whole year. The stock closed yesterday right around the 52 week high. I suspect a significant pullback over the next 30 days once analysts lower their forward looking 2013 estimates.
Based on the outlook for the year the stock should be trading down to about $55/share - we'll see