Wow, I about fell off my chair. What is up with this company? I'm glad to see that I'm not the only sucker that still has stock in this company. I have searched high and low on the internet and can't find any change in the expeced -.19 EPS for 3rd Quarter. But come on, $2 a share? What's up with that? I think it's time for Otto to go. When I originally bought this stock, I thought there was a good chance that Adidas or Reebok would buy DECK, in order, to get a prescence in the sandal market. Obviously that hasn't happened. Has anybody heard about that possiblity? Anybody have any idea what the stock price should be in mid 1999?
hi java.....keep in mind that Deckers Corp. does NOT OWN the teva sandal brand.......deckers LICENSES this brand name from a guy named Mark Thatcher (the river guide-inventor of the original teva sandal)........being a licensee (of the teva name) is still a good business (however not as good as actually OWNING the trademark).........deckers corp. DOES own the simple brand name and the ugg brand name........it would be GREAT for deckers if they could somehow "re-invigorate" or "stimulate" sales of these two brand names.........the simple brand in particular i feel has tremendous potential (the name is fairly well known because of the great success that simple clogs had in '96 and '97)...anyway to grow simple sales deckers will have to build BETTER SIMPLE PRODUCT and then effectively ADVERTISE/MARKET the simple name.....this takes MONEY..... deckers has limited resources and what resources they do have they seem to dedicate primarily to the Teva brand name.......personally i am not going to buy deckers shares until i see the company make a better effort to grow their simple brand sales.