I think this is an overreaction as usual, and just bought 500 shares at just under $70 to hold onto. Deck isn't going anywhere but higher as a company long term.
Management should all lose their job. Buying back shares at 80+ when the stock price is below 80 doesn't help the bottom line. They should declare a dividend so the shorts find another stock to manipulate. Management hasn't added any value in 4+ years.
I wouldn't say that.02 is a big miss, as usual they're going to punish any negative aspect of the report. I actually think this creates a great buying opportunity. The fact that they bought back 157K shares, still have 66 million left and approved another 200 million for future share buyback is a good thing. We all knew the strong dollar would hurt a little but as a long term investor we've seen this a half dozen times.
The thing went from 96 to 79 in 5 days last week. A miss on revenues was predictable. The big guys knew this ahead of time, what else is new....
Zohar Ziv, the outgoing COO, announced his retirement about a year ago. He agreed to continue as a consultant until a replacement could be found. He even participated in at least one conference call after his announcement. So a new COO has no negative significance. However, it is interesting that the new COO is a lawyer with a lot of merger and acquisitions experience. This could be a hint about how he will spend some of his time. DECK remains interested in acquiring more companies.