I'm long and believe we will get over the triple digit mark, but there could be a few issues that hold us back in the short term.
1. California sales could be brutal. The heat has been crazy here and I don't think sales of Ugg boots have been strong because of this.
2. Has the cold weather impacted sales because folks are not going to the dept stores on the east coast and midwest and south?
3. Are they going to take a hit on Forex costs from strengthening dollar? Or was this all anticipated in the December call?
I am interested in hearing VFC's call and seeing how they address some of these issues. IMO, VFC needs to bite the bullet and make a $140 bid for DECK :)
Sales all across the board should be very good. Weather in the East and Northeast has been good for us, and not really a factor in people getting out. They deal with this weather all the time and rarely are people housebound for more than a day. Lots of people actually flock to the malls for something to do. We don't need a buyout to hit triple digits. IMO VFC missed the boat on a buyout. They would have made a much better deal if they tried it at $30, and now they would have to pay such a premium I don't see it happening anytime soon. Btw $140 at this time would be way to cheap.