I heard during Deck's quarter ending report broadcast how independant retailers were so important to them. Well guess what ? These folks, me included, are going to be informed at the upcoming trade shows that there will be a new policy: a minimum opening order of $15000 or account closed! Anyone think this is a good strategy?
You have UGG which alone is a standout brand that with PROPER executive management would be performing even better...then you have Hoka one one growing fast. VF Corp with its better executive management team would crush with these brands in their portfolio.
I agree Angel's management team should be held accountable for their poor performance. Instead they will get raises, bonuses and more options. They run the Company and they do buybacks and the stock drops - don't say they know what they are doing bcaus this has been going on for years.
Normally I do not comment, but in the event another investor is reading your post, it is important for them (and you) to understand the activity you saw was not Angel or any other executive buying shares. These were non-vested stock units that the company grants as part of the executive compensation program. Insiders have not made actual open market trades for some time. On the contrary, the CFO and members of the Board have been selling shares.
What don;t you get? This company is run by a moron who just accumulates shares year after year for nothing along with a significant salary. Its a sad joke.
According to seeking alpha transcript: they are expecting "negative mid-single digit comps". This is significantly worse than 3rd quarter despite cold January. I don't get it.
bump! stock going to continue to climb to fair value despite incompetent management. Stock market needs to still price in next years earnings and cash production, which deserves another 15 dollars at minimum along with diversification of product line.
its not speculative...the brand is a money machine...look at revenues..its profits that are the issue and that is because there is an incompetent CEO running the company.
Angel Martinez bought 5 million dollars worth of stock at 50 dollars per share in Nov 2015. His COO and CFO added a combined 2 million. Take a look at his insider buying/selling activity. The guy is clearly much smarter than you or me.
Management stinks. How about freezing salaries, bonuses and options? I would be ashamed if I was running this Company. Excuse after excuse - it is really getting old. Shorts control this stock because management refuses to declare dividend and throws money doing buybacks and the stock continues to fall.