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Deckers Outdoor Corp. Message Board

  • uggs8788 uggs8788 Apr 29, 2014 10:19 AM Flag

    Have to believe management uses the 79M remaining this year to buyback stock

    There is no reason not to with 245M sitting in cash and just 6M in debt and another 130M+ likely coming in cash in the next 9 months.

    Z

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    • DECK has a market cap of $2.7 billion so their cash on hand makes up less than 10% of their value. I originally bought this stock because it was trading at about 10 times earnings and cash made up about 25% of its net worth.

      The shorts would love to see management blow all their cash reserves overpaying for their stock rather than banking it for a raining day. Why you want them to pay 20 times earnings for their stock is a mystery to me?

    • 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.

 
DECK
91.00-6.18(-6.36%)Oct 1 4:00 PMEDT

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