Jan 2, 2013: Sterne Agee says to buy Deck on dips.
Sterne Agee Says Buy the Dip in Deckers Shares
1:19p ET January 2, 2013 (Benzinga) Sterne Agee's Sam Poser (the analyst who might have caused a sharp move higher in the stock on Dec. 27th) is recommending investors buy the weakness in shares of Deckers Outdoor (NASDAQ: DECK) Wednesday.
After gapping higher, Deckers shares are now down nearly 5 percent to around $38.28.
Poser said sales of UGG were "materially less worse" than expected over the last two weeks in December. He also pointed to UGG inventory levels which were down noticeably from the same period last year.
Sterne Agee maintains a Buy rating and $65 price target on shares of Deckers.
Prior to Wednesday's move lower, Deckers shares had been up more than 16 percent since Poser's note last week.
Thanks for the update. I guess this Sam guy's comment didn't do much to booster the stock at mid day. What kind of English is this by the way "materially less worse". It is either better or worse than expected but I've a hard time making sense of this.
Its ambiguous on purpose. It allows him room to manever around instead of a direct comment which forces him to be tied to a statement. Not anybody really cares, but these guys love the attention; not sure why they even get it.
Sam made the call on SKX over a year ago .......and it was the right call ... in SKX's case it was sell with a price target of $11.... thats when the stock was like $33 .... Sterne Agee is actually one of the better analyst companies ... thanks for the post .. reaffirms my buy today ...if it takes a futher hit I will hold .. if nothing else .. large short holders know Sam and Stern Agee and will not hold the short through earnings