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.
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Alyce Lomax does not own shares of any of the companies mentioned in her personal portfolio. For more on this and other topics, check back at Fool.com, or follow her on Twitter: @AlyceLomax. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.