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Deckers Outdoor Corp. Message Board

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  • indian8788 indian8788 Nov 15, 2012 9:47 PM Flag

    Deck's New Financials per Yahoo-Finance

    AmericanChariot, a lot of investors seem to be forgetting that sheepskin prices were up 40% in 2011 and Deckers was locked in at those prices for this year. That takes a big chucnk out of the earnings. Earnings were down 30% compared to the 40% rise in sheepskin costs. So seems to be a short term hit. Sheeskin costs were siad to be heading lower according to deckers in the last two earnings, but we won't be seeing that effect on earnings unitl next year.

    I would also mention that its not a shocker that we are now in debt. The balance sheet is decieving in the sense that we are a company earning well over 100M and took on 200M in debt to cover a buyback at 3 year lows. It's not bad debt considering we are buying what we believe to be an undervalued assett.

    28M shares outstadning is even less shares than I thought were available. This company is defintly facing issues, I don't deny it. The market is severely depressing the rice for those reasons, betting the company can;t fix the roblems. Those who thinkn otherwise like myself are getting a "great deal" due to those issues and the fact that the other side(46% short) is betting so hard for this company/brands downfall.

    All in the eye of the beholder. If a company like barnes and noble can be valued at anythhing more than 50M in this market(its being valued at 500-700M), then DECKERS for its profits should be trading at least double this stock price.


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