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Deckers Outdoor Corp. Message Board

  • johndoolittle46 johndoolittle46 Jul 29, 2013 6:12 PM Flag

    CNBC bull vs bear

    Classic. I knew most of these guys don't know what they are talking about.

    Guy ADAMI: 27% short would usually scare me because of short covering but I think they might have gotten this one right(the shorts).

    Guy buddy, they have been covering shares since last october(9 months straight). There sued to be 16.5M shares short, now 9 and counting.

    As for Grasso, sheepskin view is good. But sheepskin doesn;t have to go down for this company to make more money, it just has to stop going up and biting into the bottom line. It would be nice if it went down as that is a bonus, but UGG PURE is being integrated and will start proving significant savings to the bottom line in 2014 and beyond.

    Store growth of 140% over the next 29 months, 36 just this quarter, will be bringing the UGG brand to the consumer allowing the consumer to see more diverse products that outlet stores don't necessarily carry.

    UGG PURE for those who listened to the call allow the company not only to start seeing cost savings from less relaince on sheepskin but as ANGEL MARTINEZ stated on the CC, it also allows the company to make better form fitting product.

    Sheepskin is harder to manipulate and is somewhat more bulky. UGG PURE technology will allow the company to manipulate product to better hug the foot.

    This is just footwear but this company offers avenues in hats, scarves, gloves, handbags, etc.

    For 1.84B, to get such a popular brand while it is literally ramping up its biggest growth ever, with sotre count and new product; these are the things guys describe made them.

    Fortune shines on those who see oppurtunity. I've been smelling it for almost two years now.


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    • I agree with Adami, the shorts will win in the end, just a matter of when. In the meantime I'm in selectively on pullbacks for a quick pop. Waiting on the 40's now.

    • Secondly, to compare Deckers and CROCS is gross neglience.

      EPS says it all. Deckers will likely have an EPS above 3.8 for this year WITH a buyback completed, and 3.73 without it, compared to 3.45 for 2012.

      Crocs has an EPS less than 1.5. Crocs makes less cash and has significantly more shares outstanding.

      The comparison is ludicrous and baseless.

      One is a well known brand for QUALITY footwear and the other, CROCS, makes plastic #$%$.


      • 1 Reply to johndoolittle46
      • Thirdly, the 2nd quarter is a throw away quarter and of very little significance.

        UGG sales are expected to INCREASE by 8% this year, compared to EARLIER, pre-earnings guidance of 4% earlier this year.

        UGG revenues in our BIGGEST, most profitable/important quarter is expected to grow by 14.5% this year.

        I'm sorry, but correct me if I'm wrong, but double digit growth in the most important part of your business's year, not bad.

        Then when you compare it to the fact that your company is trading at a less than 14 pe and just 12.34 pe, you have a bargain.

        This is NOT a declining brand. You can troll out the 2nd quarter UGG YOY numbers, but that has nothing to do with full year as 2nd quarter is a FART IN THE WIND for this company/brand.

        Full year is expected to grow by 8%, all that matters. Not 2nd quarter.

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