deck just recently announced year end results. management portrayed this past year as a great teva success however ugg and simple brands showed declining revenues. at this point teva is contributing the lions share of deck revenues/profits. management is now trying to restart the growth track of the simple and ugg brands while maintain the excellent growth track of the teva brand.
Just getting on this site, so a late response. Read the fine print on the 10K report- Yes, SIMPLE is down about 20%[and still going], UGG is down from a $10m company to about $3M [due to neglect].
But on TEVA- Yes it did come back, and is really carrying the company. BUT- In the 10K you'll note that at least $5M-$6M in sales recorded in 97 were actually pulled ahead from 1st quarter 98 sales via a special Futures discount program, meaning this $5M-$6M won't be recorded for Fiscal 98. Also, the 10K states that"TEVA sales will most likely be flat for 98". I guess..........
Along with the fact that DECK has reduced the advertising budget for TEVA, none of the above encourages me very much for this stock in the long term.