Shares of Black Diamond (NASDAQ:BDE) got a boost in early March after the company posted a profit, and EPS came in $0.03 better than expected. This comes as the company has struggled to post positive EPS on a consistent basis. Black Diamond posted losses in three of the past four quarters. The move to profitability signifies that the company's turnaround is in full swing for this maker of outdoor performance gear, and I expect shares to head back to their highs seen last November.
Putting the brand into perspective
Ask any rock climber or skier and they'll tell you that Black Diamond is a great brand. Since 1957, the company has been making rock climbing gear. Now the...
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