Bad fror blue chip dividend stocks as now they are riskier than holding aa government bond that pays more. Massive profit taking likely to ensue based on ten years jump today.
As for Deckers, company making way more cash compared to valuation than the government bond can give back(15%+ for deckers compared to 30 year of 3.7% or so).
Now believe highly unlikely management uses coming cash to buy back shares beyond the 79M we still had available. Cash will be used for as management has stated "possible future aquisitions" as well as strengthening of balance sheet/security imo.
But the interest rates seem to actually be in our favor. No easy ride with dividend stocks for people anymore. Now they will have to start looking for companies like Deckers that make tremendous cash flow.