DECK has to put itself in play. It's obvious current management doesn't have what it takes to increase the value.
5 year stock performance.
Skechers = +476%,
VF Corp = +269%,
Nike = +188%,
Wolverine = +96%,
Deckers = +32%.
So much potential yet it never quite pencils out. Even Jim Cramer bought into the hype at one point but then got a reality slap in the face.
VF is 15 times the size of DECK. They could take them out with the spare change in their couch cushions.
Time to start rewarding the shareholders instead of just plodding along.
Here's the silver lining for any potential suitors. DECK is only trading at 11 times next year's earnings and their PEG is less than 1.0. You could take out DECK for $100/share and it would still be a comparative bargain.
I agree - IMO - Management should be held accountable but instead they keep increasing their salaries and options while they do an inept job. They can't even make money buying back shares and they should know how the company is doing. They are a joke.
Harry has posted Charts of the Day video on DECK at TheTechTrader site noting: Deckers Outdoor Corp. (DECK), which has been ugly for a long time now. It spent months consolidating before the breakdown recently, and is now creating another bear wedge. The way the channel is created the first target is in the mid 50’s, and the second target is in the high 40’s.
Harry has posted Charts of the Day video on DECK at TheTechTrader site noting: Deckers Outdoor Corp. (DECK) has 8 1/2 days to cover and it’s absolutely falling apart. On Thursday it was down another 19 cents to 58.76. The massive top that had been forming for quite a while, broke early this year, it consolidated for many months, and then it broke down and snapped back. The snapback initially looked like a wedge. It broke, retested, and came up into a big consolidation range, or flag, and then that broke down. Based on my projections alone, you could see this stock in the 50’s.
Uggs are for the rugged "Marlboro Man" look--they say ranchers in Montana have been driving hundreds of miles to get outfitted with the new outdoors "in-boot" sweeping Big Sky country. Going faster than a flap of flapjacks at a branding.
It's too bad SKX had such a bad quarter, DECK, even with a beat the street quarter, is up AH, but still below where it traded before SKX reported.
Skx couldn't produce another record quarter due to expenses, but still experienced earnings increase, and sales up 60% on the year. Analysts demand too much too fast.
How's that UGG boot feel in your donkey after DECK delivers the goods in a tough FX and warm weather environment. The smell of burnt "shorts" is in the air. Where is that blowhard mm1212? Probably hanging from a bed sheet....