5.49M or 20% of float short the stock. Based on a report that isn't bad considering changes made along the last few years(despite not giving any value the last 5 years to shareholders). EPS is only 20% off records set in 2011 before sheepskin took off and destroyed bottom line. With core only making up 20% of product sales, going forward, company is much better off in the coming years.
According to the rules, Wall Street has virtually priced in the demise of this company...yet EPS again is just off by 20% compared to 2011 with a more diversified product line going forward and ever growing less reliance on sheepskin going forward, strong cash position, and money available for stock buyback.
Basically, this stock is a BUY AT WILL at anything below 80/share!
EPS still between 4-4.4/share
Savings of 35M as a result of store closures over the coming year.
Company has working capital over 650M.
Core classic now only 20% of business..compared to as high as 60-70% just 2-3 years years ago(when sheepskin costs killed the bottom line).
RECORD Revenues of 1.92B in constant currency dollars.
Company has 77M still available on buyback.
Net income still over 100M with more diversified product line going forward.
Stock going to the 80's.
Deckers still earns over 100M in net income...only few hundred companies in the world earn that. ;)
human furniture in their movie production called America...and The World, ;)
whie the richest 1000 control over 4 Trillion in wealth...we are nothing.
bro...stock market is an illusion. shell game. sleight of hand. Part of the entertainment spectacle meant to keep most in this country in a trance...sleepwalking through their lives while the rich feast away. The stock market is sold as a "you have a chance too" gimmick for the masses...wake up fool.
secondly, while a sell-off would not have surprised me in the least...this company still has record revenues and income of over 100M. How many companies have 100M in income? Very few...as well as very few having such income despite its sheepskin costs killing the bottom line.
it's also a distraction created by the illuminaiti for people who can;t see that warren buffet averaged 20-22%/year his career. Difference is 20-22% on hundreds of millions/billions of managed money = great riches, while 20-22% on your $40,000-150,000/salary = mulch ;)
No manipulation, it had dropped from 60 to 48 in the past few weeks so the bad news had already been priced in.