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Deckers Outdoor Corp. Message Board

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  • indian8788 indian8788 Apr 7, 2012 1:37 PM Flag

    We could be looking at a few months stuck in the 60's

    A lot of people SAY a lot of things. Like how UGS were suposed to be a fad every year yet the revenues for UGGS keeps hitting new record year in and year out. Action speaks louder than words. Managment feels its safe to use 37% of our cash to buy u shares; well, thats a retty strong statement by management that it sees no reason to HOLD on to the cash due to "turbulence" in the future where cash might be necessary. Read between the lines. This is not the first time this company has bought back shares. They did so in 07'-08' if I recall correctly. The company had 495M in cash at the end of last year. It is down to 265M as a result of an increase in sheepskin costs among others I suppose. Yet the stock was sitting on a half a billion dollarrs in cash. This company generates lots of cash. Don;t know how one could say otherwise. Short term cash flow "problems" effect every fast growing company. It's the nature of trying to plan for one's future growth appropriately, but which is much harder when one is still growing at a fast rate. International sales growth is tremendous. It will all work itself out and management is basically buying up the company with its own cash, creating tremendous value for those holding as less eqquals more value.


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