One of the current generational sweet spots is the shoe industry, and one of our favorite potential "Super Stocks" is Lacrosse (BOOT). We will be featuring it as our Stock of the Month in our upcoming February issue of The Age Curve Report.
Business Week: Bootmaker LaCrosse Footwear Inc. said Monday that its fourth-quarter profit climbed 96 percent, partially due to an increase in demand for its work and outdoor shoes. LaCrosse Footwear makes a variety of boots for law enforcement, construction and military personnel. It also sells hunting boots and other outdoor footwear.
The company earned $2.3 million, or 36 cents per diluted share, in the three months that ended Dec. 31. That compares with a profit of $1.2 million, or 18 cents, a year earlier. Revenue rose 21 percent to $42.5 million from $35.1 million during the same time last year.
Analysts surveyed by Thomson Reuters expected LaCrosse Footwear to earn 36 cents per share. For the full year, LaCrosse Footwear earned $5.5 million, or 86 cents per share. That's down about 10 percent from last year's profit of $6.2 million, or 96 cents per share.
Full-year sales rose 9 percent to $139.2 million, up from $127.9 million in 2008. The company also issued a special cash dividend of $1 per share, along with a quarterly dividend of 12.5 cents per share. The dividends will be paid on March 18, 2010, to shareholders of record on Feb. 22, 2010.
Disclosure: We hold BOOT (long) in our model Beacon Master Portfolio