For those who are long term investors, you ACTUALLY want this to happne. Angelo Martinez said they were planning on buying back another $200M shares back over the rest of the year. Now as an investor, you don't want those shares being bought at $50/share when they can be bought at $43. I have no problem with this action and neither should those with a brain and some patience. The company is in the process of a buyback. Buying back $200M worth of shares at nearly 3 year lows; all I can say is thanks. This is a gift to be able to buy back this low. Most companies buy back way too high.
Definitely a manipulated stock. I mean really, 49.50 last Friday, 2 days later 43.50. Just pure stock manipulation by some fund or funds. The SEC is a joke, allowing this to happen over and over again. You may be right on the buyback, but this is not an investable stock. Huge moves everyday, only makes for a day trading stock that is greatly manipulated, and if you are not in the know for the day, you get burned on this stock. Nothing from management, to suggest positive moves. DECK was probably the buyer on Friday driving up stock price, and today no buyers just sellers. Shorts control this stock, and have for quite some time.
I hear you...we need "meat-and-potatoes" accretive news", such as a big-new distributor, increase in guidance, another acquisition, or something to let shorts know that this is "un-shortable" at this level.
Think about what you are saying . . . how can there be no buyers just sellers? Who are they selling to? If shorts are artificially bringing this stock down, that's a good thing. Deck can buyback cheaper and I can average down. When this stock recovers, it will do so quickly . . . thanks to a short squeeze.
I am not trying to kick you when you are down. Far from it. I just can not understand why you would cling to a stock that is clearly in decline. I know, I know...you see value and the market is wrong. Clearly, there are issues at Deckers. We ALL make mistake. I have made a ton. I think some critical analysis is needed here. One of the greatest mistakes an investor can make is not admitting when they made a mistake. Of all the retail stocks out there....this one has the best future? I know you have done well with UA, but that is clearly a superior company by any metric (besides valuation). I would strongly advise you at least buy puts. Good luck...I hope this one turns around for you.