O.K. this is the last one for the evening. Time for me to get off this computer and get some shut-eye. This is a company that most people have heard about...if only for all of their outdoors clothing and jackets. According to CNN.Money, Columbia "...is engaged in the design, manufacture, marketing and distribution of active outdoor apparel."
This stock is one of a couple of high-quality apparel stocks on this list. The other company is Coach which is in my trading portfolio and is listed elsewhere.
Columbia had a good day today, closing at $52.00 up $5.07 or 10.80% on the day. They ALSO reported their second quarter earnings results on 7/23/03. This Portland, Oregon, based company reported that global sales increased 22.5% to a record $152.1 million, adjusted for currency fluctuations, they still reported a 17.8 percent increase in sales. Net income increased 25.3 percent to $9.4 million or $.23/share vs $.19/share last year.
Most importantly, they RAISED their 2003 net income guidance to a 10-12% year-over year growth. Raising guidance is a very bullish indicator on a company.
Morningstar.com shows a pretty set of bar-graphs on the five year financials showing revenue growth from $427 million in 1998, $471 million in 1999, $615 million in 2000, $780 million in 2001, and $816 million in 2002.
Free cash flow has improved nicely from $31 million in 2000 to $29 million in 2001 and up to $131 million in 2002.
According to Morningstar website, this company is FLUSH WITH CASH...with $179.2 million in cash, way more than the current liabilities of $77.8 million and $27.3 million in long-term liabilities COMBINED. In addition....they have $261.6 million in OTHER current assets!
According to Yahoo.com 'profile', COLM has a market cap of $1.87 Billion with 39.9 million shares outstanding and ONLY 14.0 million shares that float!
The p/e is a very REASONABLE 17.14...especially with $4.50/share of cash....and as of 6/9/03, there were 1.61 million shares out short..about 3.47 days of average trading...so not that many shares to be covered in case of a short 'squeeze'.
I like this company a LOT and wear their jackets, etc. The numbers are nice, and even Peter Lynch style (God forbid!)....I know the product and like it. This would be a GREAT company to add to YOUR portfolio! I do not at this time own any shares nor do any members of my family....but I sure AM tempted!
Regards to all! Come and visit again soon!
(and tell your friends.)
Bob