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Deckers Outdoor Corp. Message Board

  • yatozhe yatozhe Jan 11, 2013 7:17 PM Flag

    Short thesis

    Short interest of 48.6%. The 4th most heavily shorted stock in the S&P1500.

    Shorts need to have a thesis for this extreme position. But I don't see it.

    Uggs, Tsubo, Teva, these are all cool and popular brand. It's not a terrible company, profitable, excellent valuation at these prices, P/E is 9, P/S is 0.93. Compare Nike, with a P/E of 23.91 and P/S of 1.88.

    The entire footwear industry has a P/E of 15.29 and not better numbers in general.

    See http://finance.yahoo.com/q/co?s=DECK+Competitors

    What am I missing?? If there is no thesis for this insanely high short position, then someone needs to organize a short squeeze here to make some money on these guys who have gotten in over their heads.

    Sentiment: Buy

 
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