Columbia wear totally dominates the racks at the two major winter outerwear stores close to campus. Looks as if it must be in very high demand. Nothing else seems close in terms of volume. Questions: 1) is it really warm (it looks so lightweight....); 2) is the warm stuff overpriced?
I imagine the margins are really good on this stuff.
Mack 54, Can YOU say, "I don't know much about stocks".
Grasshopper, this baby is tooooooo thinly traded to be appropriate for serious investors... it can jump higher or fall like a rock (look at the chart) because it is tooooo thin. 5 mil shares floating and 20 mil owned by the owner's family and friends.
Think about this all you folks who bleed Columbia Blue. Just one "divorce court" sale by a family member and the market would be flooded with devalued shares.
Can you say, "Supply & Demand". What happens to the value of something when nobody wants it?
Where's the demand for this stock? It isn't showing up in the DAILY VOLUME!
If you are in it for speculation this isn't a bad stock... assuming you can't get a decent flight to Las Vegas.
This stock is thinly traded because it does not have the PR, market cap, or exposure to attract a lot of serious investors. If you look back towards the end of September, when the volume was around half a million, who was buying then? I would say some serious investors, likely Goldman Sachs. They sound pretty serious to me to dump that kind of money into COLM.
Second, why would the family or friends sell at a 30% loss? They bought in at 20 to 24 during the first day of trading and are now sitting at 17. Anyone who put up that kind of money on an IPO must have some faith in the company and its future, and aren't ready to sell for a loss!!
What happens to the value of something if more people want it than don't, kinda like today!! Sure, only 11k shares traded today, but it was a positive day.
I think this is a great company with a great product, thus I am invested and will watch thier progress closely. Long on COLM, take care.
The way the market has reacted to so many earnings lately, it is hard to guess what might happen. I would hate to believe that so much would ride on the whisper number, and beating the original estimates should be good enough. We'll see tomorrow afternoon how things will fair on Wednesday. No, today did not look good, but being so thinly traded, it doesn't take much to move the price back up. You and I both have seen the price swing 2 to 3 points in one day. Look back at the volume a few weeks ago, at the beginning of the intital run up from 10 to 15. Half million share days. Who was buying? Probably some one (Goldman Sachs?) in the know. And the way the price has continued to go up, they (Goldman Sachs?) are not taking profits yet. I've got a lot of eggs in this basket, but I believe this is a sound company with a great future. Best of luck in the coming days!!!Regards~