Re: [CANSLIM] COLM

From: Davellil5@aol.com
Subject: Re: [CANSLIM] COLM
Date: Fri, 30 May 2003 15:32:37 EDT

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Michael:

If you check the 2 year chart of COLM, you see a multi-bottomed base which 
broke out via the upgap of April 2003, without bothering to form a handle.  But 
after breaking out, COLM shook out a few more "shaky" investors by correcting 
on pretty heavy volume.  Then it recovered.  So what to do?

Look at the numbers.  Pretty good history.  5 yr. average EPS growth 22%.  
But projected growth this year and next only 11-12%.  So why the sudden 
enthusiasm reflected by the upgap of April?  Because COLM came out with a 42% 
"surprise" over street estimates of EPS for most recent quarter!  Why?  I don't know.  
One-time "bonanza"?  Any evidence of ability to maintain such surprises?  
Don't know those things either.

Seems to me that anyone would want to find all that out before laying money 
on a situation like COLM's. 

The chart sheds light on timeliness, but not worthiness.

Dave




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