that was supposed to be hit a few months ago. This stock is tightly wound. Company performed better than most retailers out there, having record revenues year. Inventories went down and likely went down further during this first quarter. Outlook should be very positive for next year.
Stock trading where it was two years ago for information one cannot buy(ugg pure, stock buyback, cash position with little debt, sheepskin down for 2014.etc)
We got crushed after great earning because management lowered forward guidance. They really screwed a lot of investors which really did not need to be done after finally a great quarter. With another few months passing and not even close to the price before the last great quarter it is a buy somewhere.
With DECK such disappointing stock price action I think there may be a pop tomorrow if it beats numbers and it is hard to see much downside from here unless management is stupid to the extreme. I took a chance in my 401K. I might buy a little outside too. We need to get back to the $85 range then add some more in a quarter when cold weather is in view before I forgive the sucker punch. Others likely feel the same.
With the NASDAQ up 30% in 2013 this stock has been a laggard, It catches up somewhere one might think, We will see.
Guess I was right. I thought they may be sandbagging last time. It still sucks they did that and let investors get whacked. I say they can't totally be trusted.
With that said DECK should see a move over $100 by year end. DECK moves are hard to predict but should do good over the next year especially if we get cold weather. I am not sure the $5 will hold tomorrow.