This article is part of our Rising Star Portfolio series.
On June 1, Dayana Yochim and I discussed Timberland's bright future for our "Stock Picks With Chicks" series, arguing that investor negativity and stock-price weakness after a "disappointing quarter" were overblown. When it came to growth, we felt Timberland was good to go. Apparently, VF agreed.
Incidentally, Timberland's not the only groovy brand that VF has snapped up over the years. It owns a plethora of well-known brands like The North Face, Vans, and 7 for All Mankind, among others.
Word of Timberland's buyout has increased investor interest in related stocks like Crocs
Last month's announcement that France's PPR planned to buy Volcom
Still, premium prices and excellent returns take the sting out of such moments. Thanks to the deal, Timberland now represents a double in my Rising Stars portfolio. My original plan was to hold onto Timberland for the very long term, but this positive outcome in the short run leaves little room for complaints.
This article is part of our Rising Star Portfolios series, where we give some of our most promising stock analysts cold, hard cash to manage on the Fool's behalf. We'd like you to track our performance and benefit from these real-money, real-time free stock picks. See all of our Rising Star analysts (and their portfolios).