If not for the liars Credit Suisse the stock would already be $70 BEFORE earnings so a run up to $70 is completely understandable. You act as if the stock was not up many points a few weeks earlier. I say if they had not come out with their BS then we may be closer to $80. Why would you discount the false drop?
Not quite cancer, but this compay was trashed because of a short attack of more than 50% of its stock, higher sheepskin costs, decline in sales creating false rumors of FAD, warm winters, and low interest rates.
The company faced the perfect storm but with this earnings....the TRUTH has broken free. The brand is very relevant and becoming more so by growing internationally. Sheepskin costs are DECLINING and its effects for the foreseeable future are mitigated by the increase of UGG PURE.
This is a coiled spring.
We went to heck and now we are coming back to LIFE! Merry christmas.