Deckers (DECK): While winter finally arrived, we believe it was too little too late for DECK. Checks at both department stores and independents suggest demand for classic UGGs was underwhelming despite good demand for two key styles (Bailey Button and Classic Tall
I will only point out that since last quarters earnings(we were at $35 before earnings) we are up 15% from before 3rd quarter earnings and if you bought afterwards at $28-30, you are up 30%. That is a very positive sign that big money saw the need to get in at those levels after "horrible earnings". They just make all these things up..
All that matters is ths company is the most in demand product during the holiday seas(hence not a FAD which WAS the chief concern). Second, this company prints cash.I hope management initiates another buyback.
Thanks Indian... have some march 40 calls for about 4 bucks..... would you hold on to them or sell them if we get a little spring upward.... also somebody mentioned a mid january presentation for deckers.... release preliminary data etc..... any truth to that.... thanks for your time and input