feeling a bit better about COLM. Stock is
rebounding and Black & Co just increased rating to Strong
Buy. Q3 Earnings should be in line or better and the
Co is expected to announce strong Spring orders. If
we get normal winter weather Q4 should be better
than consensus. Keep the Faith.
This announcement, probably leaked to some
investors, drove down prices. It will clearly improve
profitability over time. I'm sure that some have taken it as a
demand problem ... not even close!!!
get back into the 17 to 20 range by the end of next
that people with inside knowledge are
manipulating the price-- at the expense of the usual dupe, the
small shareholder. I bet this plant closing has nothing
to do with the market action over the past couple of
days-- the news is a smokescreen and probably means
another missed earnings so certain shareholders can pull
out before the stock slides back to 12. I regret the
day I bought Columbia shares.