I agree, comparing Decker to Crocs is like comparing Toyota to Mercedes Benz. There will be a little selling in the morning, but the smart money will be snapping up those shares. I think Decker has weathered the storm and it's onward and upwards from here. Certainly would not want to have a short position at this time.
True. Another thing is we know management isn't afraid to buy back stock, which going foward at these price levels and lower, I have no issue with. I would have an issue with a management sitting on its hands like Apple.
Apple's management really unimpresses me. Buying back stock at a level I do not consider cheap. They should have just returned more cash to shareholders than waste it buying back stock. But that is difference between a management that has investors back and a management that doesn't.
Whatever management of this company does severely hurts them as it does any of us based on the main guys all heavily invested, which helps me invest easier.
It was one of the reasons I liked Under Armour way back when 30 months ago when the stock was trading at a fraction of its value and the CEO KEvin Plank owned 20M of the outstanding 51.5M shares at the time. Now he owns a fraction of that and has been selling every quarter since near all-time high's(I wonder why?)
So management being invested is a good thing and being conservative is good as well.