the earnings were rather concerning, especially the sales numbers. very surprising. i saw more uggs classics in the city than i think i ever have. i personally thought that deck was going to crush earnings. that being said, the stock went up 8% in AH and i am considering shorting. i believe we could be in for a big downdraft within the next two days. up 8% on soggy earnings sounds like a trap to me.
Lol, short concern trolls are entertaining. Eps was above, guidance was above, revenues were slightly lower...keep up the good work, maybe you can cover if you can convince someone of this later;) just like the last minute short shake prior to close, but I doubt it. You should have listened
i'm not short first of all. but i may be tomorrow. i've been long deck on and off for years. if you like the earnings, good for you. i don't. net income fell 23% from LAST YEAR! and last year sucked. revenues from uggs sheepskin boots rose 3% from last year when there was no winter! only 3%?? does any of that concern you? i personally was expecting at least a 30% increase in sales. and i thought that they were sandbagging on estimates only to crush them. what's with the 23% decrease in net income? like i said, if you like the earnings, good for you. there's no way in hell anyone can argue that those earnings justify an 8% AH pop. be careful, the shorts here have been very tricky