Maybe but this stock is still stinking it up again. I really thought we might go to $90 soon.
I sold 500 at $83.65 today and bought back 600 at $80.45 looking to sell at $82.45. Wow I can't complain about the $3.20 discount. DECK as a company looks great but the stock is suffering. It seems to swing down easy in a poor market but often trades lower later in the day even if the market rallies.
Guess $81.45 would have already occurred. I think I will just try a point here then reload for this choppy summer. Buy the close and sell for 1 point works a high percent of the times. Seems to take that 10:30 EST nearly every day after a open and move higher.
As an investor, there is nothing I can do but wait for my proper price. Warren Buffet has never said he knows when a stock he invests in will get to its real value. But you invest when the market is giving you a stock worth significantly more by comparisons to other companies and its cash production. You just wait. I've been waiting and I will get rewarded.
Deckers currently being vlaued at 2.75B. Take away the 239M in cash less debt and the company is trading at a valuation of 2.54B for 145M in income and 137M+ in production of cash. Add in another 137M+ for next years cash due to UGG PURE being integrated 25%+ over the 10% for 2013 and the 12% projected growth of the UGG BRAND next year, increasing revenues and profits.
So we have a stock trading at 2.4B for 145M+ in income and 140M+ in cash flow. Bargain.