shorts are covering. They are dying. I LOVE IT! Every last one of them deserves it after destroying the value of this company.
DESERVE every last dollar they lose.
and one asks themselves "How did wall street get this so wrong?"
Why was it so undervalued?
Therein lies the secret; wall street is not this man behind the curtain who KNOWS everything. It is not what people have this image in their head of it. They don't know ADAM about most companies or their valuations. They make tremendous mistakes in valuing companies.
Why? Because wall street is HUMAN. IT is US. We say waht is something wrong, not some magic man behind the curtain. We say what a business is worth.
Not some trick to figure out what Goldman sachs is going to think something is worth or morgan stanley. But just using your own knowledge of business's, such as comparing to another company like Under Armour which is related to Deckers as they are in the business of selling clothes, and realizing both should earn the same amount of money over the next 48 months, yet one is worth more than 3X the other?
That is all there is to it kids. All there is.
check this article out.
haha. All they have is an IMAGE. Just look up there average returns. They are WORTH more because they figured out a way to "outsmart" society by creatig ways to get wealthy for the least work. But the returns are pathetic; it is just the amount of money the were able to accumulate and keep 20% of what they made.
It is called sales. Same reason good car salesmen make money; they sell more cars. These guys just draw in more suckers. People need to be more aware of what a ridiculous industry this is. There ARE NOT that many great investments. These guys are all chasing the same cheese as you and I.
Guaranteed sub par even negative returns for the vast majority. But people have been conned into believing in "diversification" and other such nonsense not realizing their accounts are being eaten by fees.
The richest people are not the ones investing in hedge funds, it is the guys who get lucky and who managed to finagle enough moey from people to go and gamble with. These guys risk nothing because if they fail; they could just try again or eventually just do what other normal people do; join the actual workforce and achieve something for someone else.
Most people will make less than 2M in cumalitve earnings in their lifetimes.
So figure out where they spend their money(by looking around) and you have a valuable company. I OWN shares of a valuable compay taking a nice protion of peoples hard earned money.
Clearly they are WORTH more because they got enough idiots to give them money and they got lucky off bets they made in the past.
But what are their returns? Nothing close to mine. It is just IMAGE.
CNBC paints these guys as MORE INTELLIGENT or AWARE of something because they got lucky....but do it again is what I say. Do it again Bill and John.
Indeed. So far about 60 pages in. Not surprised at most of his writing. The news in this country is pure propoganda and the author describes the process on how they CHOOSE WHICH stories are most compelling(meaning based on THEIR objective/opinion).
One is not getting news, one is getting PROGRAMMED with certain types of stories.
It is the same shenanigans at the garbage station of CNBC and everyother one.
Whenever I talk to foreigners about what their opinion is of Americans; they say they just can;t believe how ignorant.
Well..this guy joe muto explains why by detailing what goes on in the kitchen.
Here is the thing.
This company was worth more than 50% more 2 years ago.
The popularity of the product has not waned as revenue is projected to hit a new all-time record for the company. The bottom line got hit with sheepskin costs; thats what hurt the "value" in the short term coupled with low interest rates making dividend stocks more attractive.
But...in this new economy since the crisis; women are the ones slowly gaining on men and even surpassing most in earnings power based on being higher educated.
WOMEN are the ones with increasing purchasing power in this country, NOT men.
Women have shown for more than 9 years now to ADORE this companies product and quality.
People are remaining single longer and living in their parents homes longer(which is why I disdain housing as an investment and prefer US bonds in comparison). So all this extra money is available for discretionary income.
Women are the ones with the money and therefore if you can figure out where they spend it, one can do very well. One can do very well indeed.
GOOD riddance! Maybe this channel will prove worthy of watching again one day....maybe. Out with the garbage. Clean house. Next get rid of bob pisani and the commodities doosh rick santelli. Young blood who actually asks real questions.
Make business interesting...talk about business writers, books, etc. Change the flow of information as opposed to your repetitive garbage that one can read in two seconds on the internet.
Otherwise, you shall remain the garbage channel offering NOTHING to me.
People on market pulse, all these PEOPLE who hated on this stock when it was lower just 13 months ago and who have no track record(while I have screamed for a whole year that this was the cheapest stock in the market), they now pretend they know where this is going, saying things like going to 90 then 50.
What do they know? Nothing. Absolutely nothing. They are pathetic nobodies with zero track record, like every schmo that comes on CNBC. They wouldn;t waste their time if they were successful. I know I don't and my track record is here for all to see by my posts going way back.
None of these guys are thinking about double digit profit margins sometime in the next 30 months. Nobody talking about the international growth. Nobody talking about new products. Nobody talking about high insider ownership.
nobody talking about the ability of this company to buy back what will be 300M worth of itself at what will likely be an average price of 57-60 dollars when all is said and done after this quarter with a clean balance sheet.
THEY DON'T KNOW ANYTHING.
Someone recently mentioned a book for me to read called An atheist in the foxhole by joe muto. Just got it from the library; I'll read it over the weekend.
About a liberal guy who worked for bill o'reilly for the last 8 years at FOX.
Towards the end of the clip he mentioned he was long Deckers...not sure if he was referring to being long at some point in the year from 53. He did say he sold before earnings in the high 50;s a month ago....we are now 40% higher from that point in JUST 30 days.
I did state at 68 or so after we popped...it was not too late. Right now in the short term...not so sure on the upside...do see 85 being hit before earings, but I do believe we are somewhat fairly valued /slightly ahead of ourselves per wall streets EFFICIENTLY pricing.
But for double digit profit margins in the future and international growth...I do not believe we are even close to fully valued. But that is I, the investor, going out on a limb that we continue to grow and management is accurate about double digit profit margins.
I mean....the world COULD end between now and then.
But other than that, UGGS clearly still popular for a 9th straight year with RECORD revenues projected...I sleep okay.