Hearing Jefferies saying Deckers is takeover target
I did take a look at it. I own Starbucks. It should turn out well for them in the future though the growth from coffee alone remains tremendous with new markets always opening up internationally. Hang in there Jaques, we're not stpid. Did you take a look at ANF's jump the other day after earnings(30%). How can share prices be so suppressed? Because they can, thats it. No big thinking behind it.
UGG brand is dead? Are people BLIND? It's the must have style and brand every winter, this winter inclided. In fact, its all I see anybody wearing. This is the staying power.
I get the revenues are flat and earnings are down, but we got hit with tremendous sheepskin costs last year and that just means we have to ride out this year to get to the better pricing next year. Earnings should go up 15-20% on the savings in sheepskin alone. Plus better pricing on the products should hopefully lift revenues. This is a bargain.
Papa johns trading at 1B, they make just 60M in earnings. Barnes and Nobles losing 70M annually, they are trading at 850M. We are earning 155M and we are trading at 1B. A little bit ridiculous.