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Deckers Outdoor Corp. Message Board

  • questioncnbc questioncnbc Sep 23, 2013 7:55 PM Flag

    The remaining 79M of buyback money

    now irritates me to no end. Why would they not have used it up and in m opinion why are they sitting on their hands not buying back more at half the all-time high with store growth of more than 140%.

    C'mon....be more aggressive. Oppurtunities like this come so few and far between that when it comes, as greedy as angel and management did(bought back 221M in the last 22 months), this company could seriously have another 200M on top of the current 79M still left for buyback.

    Management should take a look at coach and see how they basically for 7 years straight have been buying back stock(more than 4B of themselves in the last 7 years). With UGG PURE as a cushion and basically immediate growth to bottom line for every pair of boots integrated, buying back aggressively is a no brainer.

    Management, I want to hear something come earnings in a month.

    Z

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • think of it.. they have that hanging over the heads of the SHORTS,, so if at anytime they try to bring the price down, BAM!, Angel executes a buyback, causing a SQUEEZE!!

      • 1 Reply to reality90210
      • They have a 300M credit facility which was executed for the current buyback...they could execute it/should have executed it again after the initial 300M buyback was completed. They would have bought 500-600M of themselves over 3 years, while being valued less than 3B WITH all the growth plans in place.

        I'm all for being somewhat conservative, but there are so few times in a companies history to capitalize on market mispricing and buying back more than 20% of yourself.

        Earnings will do the talking against the shorts.

        Z

 
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