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Wait For A Dip Before Buying Columbia Sportswear

I recommended buying shares in Columbia Sportswear (NASDAQ:COLM) in August of last year. At the time, shares in the company were trading at a price of $74.99. The company has since split its stock 2:1, and shares are currently valued at $56.64, meaning those investors who followed my advice have seen returns of 51% (excluding dividends).

Shares in the company were up significantly after the company announced EPS of $0.79 in Q4 2014, beating the analyst consensus of $0.67 by 17.9%. Earnings per share for the fiscal year reached $1.90, putting the trailing price to earnings ratio at 29.8. This is well above the 5 year average p/e ratio of 22.7. Read more