There are many things that go into it, but cold weather is the one psychological trigger that grabs the attention of the consumer most. There are also more girls than boys and those new and growing teens want their UGGS every year. With the new models coming out the people that buy them will also want variety. There is also a strong brand loyalty to quality products. Bottom line is what we have been saying all along, UGGS are here to stay, and Decker with it's acquisitions is setting itself up to be around for a long time.
Paid $2.96 the other day by me......all we need is a real cold winter and a little time. Next earnings will be a blow out for sure.
You may have gotten a canoe full @66, but I loaded the tanker at $36, now up 80% overall and loving it.
Went to Disney this past week, got in last night, (Charlotte NC) it was snowing and we saw a lot of UGGS!! Then I checked and saw that Deck popped this past week, paid for my new truck and also the vacation!! Xmas coming early. Hopefully it keeps rising through the end of Feb.
You had your chance, we should see a slow and steady increase for the next couple months barring any major government screw-up.
I'm thinking at this point they hold on to the money. No sense paying any kind of premium. They would have used it up by now, especially when it was in the low 50's. I don't really care where the stock goes next week, just looking for a nice steady move up and profit after the first of the year. I want to enjoy the shorts getting toasted for the holidays.
As I stated above, I will sell "some" shares at a massive profit to take some money off the table and pay off my new truck, and my two daughter's tuition bills for the year. I also have a block of shares in my IRA account that will surely sit there for quite a while. I am still well positioned and will enjoy some of the profits while I still can.
I agree that the price should steadily rise from here. I would like to see $85 plus by the end of the year. I'm not going to get greedy, I've made a killing on Deck in the last 4 years, it's more about exit strategy, I will most likely sell some shares after the first of the year so I have 16 months to wait on the taxes. The Government already gets enough of my money.
Well as the temps fall, the UGGS appear. They're saying we're in for a colder winter this year which means more $$$ for Deck. So while you're up north going cha cha cha chillllyyy, I'll be a little further south going cha cha cha ching!!!!