Ok already, whats up?? The large blocks look like
buys, which means maybe the company is buying as part
of their stock buyback program, and the insiders are
selling. Probably the best way to screw the shareholders.
If there really were 150K demand and SOMEONE wasn't
selling, the price would go up, but it just sits there
dead even. Or Dead, anyway. Any other guesses?
The restructure of DOC won't really do much for
stockholders if DOC can not get a renewal of the licensing
agreement from Thatcher. What is DOC without Teva? Sure
they have an infrastructure to facilitate offshore
manufacturing and a distribution network. But what will they
manufacture and distribute without the Teva brand?
best guess is that Thatcher wants a bunch of cash for
his intellectual property rights. What's the chance
that DOC can come up with that amount? I think we all
know the answer to that. Will any other company want
the brand? Again just a guess but I would think so.
Will they pay the asking price? I suppose time will
What can DOC do to make a renewal happen? Again all I
can do is guess. If I was Thatcher (unfortunately,
I'm not) I would want significant influence in DOC
such as a seat or two on the board of directors.
(Remember the ego issues?) That would mean quite a large
amount of stock and significant cash to renew. This
would be difficult for Doug Otto to swallow but would
probably be in the best interest of the stockholders. This
would not be as good for Thatcher as an outright sale
but (ego) he might go for it.
Sounds like you have some pretty good sources on
this whole thing.What you say here makes sense as far
as the possible "why" of Thatcher's
I'll be watching to see what else you have on the
DOC-Teva situation. Might help me decide which way to go
on this stock in the future.
Any info/ideas on
how they'll restructure the management now, or
approach Thatcher to get a re-sign on Teva?
Not 100% sure about all of the "why's" here. All
I've heard is that problems have been simmering for
quite a while, and came to a head more than once over
the past 18-24 months, especially with the upper
management that was just removed.
This seems to be borne
out with Thatchers announcement a while back of
hiring Sutro for input on how best to set up for the
Note to Dw_wwok-Interesting call sign you have.Any
Otto and Thatcher both have big egos and both
believe that they are responsible for the success of
Teva. However, only one owns the intellectual property
rights and that's Thatcher. This has strained
DOC has consistently had problems meeting delivery
dates that were contractual, maintaining quality of
product; meeting guaranteed sales levels of the clothing
line and maintaining good relations with the owner of
their primary brand. This set of circumstances has also
damaged DOC's relationship with Teva.
argue that both Otto and Thatcher are at fault here.
However, Thatcher owns all of Teva and any damage he does
primarily affects him. Doug Otto on the other hand has some
stewardship responsibilities to the stockholders of DOC.
I have been reading the message board for Deckers
for a few weeks and I still do not understand the
fallout between Thatcher and Deckers.It seems that
Deckers did a reasonable job buiilding the Teva brand,
albeit the last few years have been problematic. Why did
relations between Thatcher and Otto sour to the point where
the licensing agreement may not be renewed ? I'm
especially curious as to Shoebiz100's perspective.
From the announcement this week
regarding the change in upper management, it appears that
the Board of DOC agreed with the marketplace [ and
this chat room] that a major change needed to be
Agenda?- Input provided from industry sources has been
spot on to date, based in fact, and backed up by the
company performance [or lack of it, as openly announced
by them to the press and the SEC over the last 12
months]. All public knowledge. I asked for you to supply
the same, and refute input with facts, but appear to
be getting the current "management PR by-line" from
Continuing to blame the current company
status on 3 year old issues, when many of the same upper
manager's were also in place at that time, doesn't fly.
Management changes announced this week support that
From your last response, it seems there
is a personal relationship [and agenda] from your
side that does not allow objective input or review of
I imagine that when you go to work
this week you'll see the overall attitude there will
be improved due to these changes, or so say those
that have contacts at DOC.
I hope that the new
management, whoever they may be, will turn this thing around
and let shareholders get back some of what was lost.
Time will tell.
Althoguh the Thatcher-Otto relationship is a
rough one, if TEVA does not renew it would mean an
awful load of work for Thatcher. Perhaps it would be
simpler (no pun intended) for Thatcher to reconsider his
requirements of Deckers than to find a new licensee or move