This stock dropped under 30 last year and I started buying as it traded down from 40 because they had lots of cash and it was trading at 10 times earnings.
Now almost a year later they still have lots of cash but they're now trading at 15-20 times earnings. Too much risk for me when you consider that it doesn't pay a dividend. I'd rather own a company that pays out half their earnings in the form of a dividend and still manage to grow earnings at double digit rates like a PM of MSFT but that's just me.
Good luck longs with DECK and I'll be there again if it should ever breakdown again.