My sense of justice requires that I say a word about Sam Poser, the Sterne Agee shoe industry analyst who normally receives only abuse -- to a point of hatred -- on this board. For what it is worth, my view is that Poser is the most knowledgeable shoe analyst of whom I am aware. Unlike the usual analysts with no close ties to the shoe industry, Poser is a former shoe buyer for one or more large department store chains. He also maintains close ties with buyers and others in the shoe industry -- who help him get a sense of how particular shoes are selling or are likely to sell. So when Poser speaks, I and many others listen. That is of course why DECK is up today. I haven't read his report, but I know he reiterated his "buy" rating, and he probably maintained his target price of $67.
I too saw my shares fall in value when Poser downgraded DECK last year, but I think he is an honest and highly competent analyst. He should not be criticized merely because his news is not always good. And his good news today is of course great news for investors.
I would add that he was obviously satisfied by what he learned about DECK's inventories. He probed the subject during the last conference call, and was apparently satisfied with the answer he received.