True Sportswear at a Bargain Price

Volcom (VLCM) designs, markets, and merchandises clothing and accessories for use in surfing, skateboarding and snowboarding. The company sells through about 4800 locations as well as online. 16 units are company owned outlets with the rest primarily specialty shops catering to board sport enthusiasts.

The company was founded in 1991 and came public on June 29, 2005 with an offering at $19.00/share. Since its public debut, each full year has shown record sales, cash flow, earnings and book value. With less than one month to go in 2008, it is likely to continue the streak. September quarter EPS results came in at $0.67 this year versus $0.59 in 2007.