doesn;t mean you can;t get back in. This company is far from going out of business....it is growing with record revenues projected this year and with more international growth due to stores and products, along with UGG PURE...to believe this valuation is anywhere close to the top is hard to believe when this stock is still more than 35% off its old high and a 30% short position that is in major trouble.
Still very early in the game. Starbucks was at $7 in the crisis, selling off from 33/share. It is now at $80 all within 5 years. Why? Because it is a growing business and the short term fairs from the crisis are gone.
The short thesis here is gone. This UGG brand is still the #1 selling boot in winter and they are coming out more product. These are once in a lifetime oppurtunities.
Not 1 of my shares will be given up from this point on for less than 250-300/share if at all. Company makes so much cash and stating they see double digit profit margins in the future. As #1 shoe on zappos, we know this brand is very relevant. Now we get international growth on top.
This brand is rocking and very stable going foward.