Chris Katje
Research analyst, growth, value, IPOs

Yoga Pants: Why High-Growth Columbia Sportswear Should Be In Your Portfolio

Shares of Columbia Sportswear (NASDAQ:COLM) are up 43% over the last fifty-two weeks. Despite this nice incline, shares could see further gains in 2014 thanks to a new acquisition. It's time for investors to take a look at this great apparel and footwear company.

Columbia announced it was acquiring Prana, a yoga and climbing apparel company. Prana was owned by Steelpoint Capital Partners. Columbia is paying $190 million for the company, which is expected to post sales of $100 million in 2014.

Prana is a huge acquisition in my opinion and should boost Columbia going forward. Columbia's CEO Tim Boyle said Prana will "reduce our dependence on cold-weather products, and leverage Columbia's global operational platforms to expand across...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details