Deckers Outdoor 2H 2013 UGG business will be up, says Sterne Agee
Sterne Agee said current UGG trends remain challenging but lower inventory levels and a better product for 2013 will lead to a material improvement in 2H 2013 sales and margins. The firm rates Deckers a Buy with a $65 price target.
It always makes people feel better with ideas of "holding forever"; By the time this things turns-around, Uggs may be out-of-fashion for real! If this is the reward for "phenomenal web-hits, top-listed sales on many sites, then what do we get when the "brand" is really challenged!