I think we are all frustrated with the market lately. Every rally attempt seems to be aborted. I have been watching this board for some time, and have noticed an increasing negativism, so I decided to contact their Director of Investor Relations, Sean Beers. He was quite cordial, and cites the fact that all of their main competitors, Timberland, Nike, and The North Face have also been struggling lately. He also said that they are actively working with Wall Street to increase sell side coverage. He also says they have a well articulated growth strategy, and don't believe in hyping the company.
This looks like a good mid to long term holding, and if they meet their 84 cents per share estimate next quarter, I believe we should see a great improvement in the next couple months, and would consider the current price a bargain.
If anyone would like to contact Sean Beers, his number is:
Sean Beers Director Investor relations
Columbia Sportswear phone : (503) 286-3676 email : Sean_Beers@ccmail.columbia.com
Thanks for the useful information. I agree that Sean Beers is very responsive to specific questions. I do have a question for you or anyone else that can answer. What is a sell side coverage? You mentioned it in your post and I never heard of this term.