Premium is high because of earnings. Period. I got .95 for TIF 80's the day before earnings. If you get it right, you can overnight do very well.
Not at this time, they have solid sales, and a growing base of new products and an expanding footprint worldwide. Even with the stronger dollar this year they have loyal customers, and they have the money to spend on Deck.
Just my two cents, the same as this quarter's earnings--sure it could trade at 85-90 but it could also fall to 60 due to poor returns in December.
Don't they make most of their profits between November and January?
I think we'll see Deck meet or exceed slightly. Steady upward movement from now through the end of the year. I think it should be in the $85 to $90 range by January / February of next year. The only surprise we could get at this time would be an announcement of a dividend, just a thought. Longs should be fine here.
Nothing happened. After hours volume was 11,674 and all shares traded around the closing price, with the exception of the last 15 shares which traded at a rediculous premium.
Last Q, Deck had about 70% of the Zappos women's market overall...boots, accessories, slippers, and about 2-3 of the top 15 mens (slippers/loafers). With that said, the company's execution was simply terrible - they mis-forecast the basics and could not keep stock on hand to meet demand, thus the horrid sales.
Personally I am going to play a strangle on this - chances are it will either pop 15-20% back up or just further implode into the low 60s to 50s. I feel most of the management should be relieved as they simply do share buy backs and then reissue themselves options, similar to the Boston Beer game that is finally culminating after a run from 70 to over 300 in less than 4 years. Shareholders get the shaft.
Ibyrite: I'm not sure what you are asking. I can only say that I do not have a clear sense of how DECK shoes are doing in the retail market -- which is why I posted my message about Amazon sales. (As I type, incidentally, DECK has three of the top fours bestsellers in Amazon shoes.)
You mention "consolidation," but I do not know whether you are referring to DECK or to the larger market. It seems to me that DECK's price has consolidated, and that good earnings and guidance this month could result in a major move up. But I wonder why Connie Richwain (president of UGG) is leaving the company. Was Angel unhappy with UGG's growth? Was she unhappy that she did not get the job of president of DECK (which went to someone newer in the company)? Does she know something that will hurt her position in the company? Or what? I am completely in the dark.
If what you said is based on fact and I don't question your facts then what the heck is going on with the stock?
I know money is going to be cheap for some time yet but why has there been no consolidation in this market?
I am just thinking out load, if we have retail stores then why not offer more brands, more customers, more income more selection. I think that is what sketchers is doing. what do you think?
good luck to all the longs!
Thanks! I should have looked there myself. But, as I said, this is a strangely late earnings report. Normally they report on the third thursday following the end of a quarter.
I see that DECK has three of the six bestselling shoe styles in Amazon (for men, women, and children combined). Two are Sanuks, and one is a Teva.
Anyone else see any other evidence of sales?
Also, it's strange that earnings have not yet been given or even a date announced. I can't help but think that something newsworthy is coming.