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Deckers Outdoor Corp. Message Board

uggs8788 1605 posts  |  Last Activity: 12 hours ago Member since: Feb 20, 2014
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  • uggs8788 uggs8788 12 hours ago Flag

    Correct, there are many people out there who have absolutely no interest in owning a medallion....and yet they drive anyway. But again, why would they use uber which requires them to maintain their own vehicle, pay their own insurance, and have them get "judged" by every passenger on a nonsense rating system....when if/when the medallion value comes down and offers them to just get up and drive with no headaches outside of the driving(no maintenance of vehicle, no insurance payments, no ridiculous passenger rating system).

    I guess one needs to drive in order to see it better as 2.5 mnths ago, I did not have the same understanding of the medallion as I do now. But at a certain price, owning somehting that then gives you all the rights to the profits instead of a share is more compelling than giving 30% of EVERYTHING one does or whatever the percentage. Whatever percentage UBER comes up with, the medallion will correct and adjust. I'm not looking at the medallion as an appreciative asset, I am looking at it as an asset that would allow me to increase ones own earnings. UBER is a parasite. It does nothing but feed off drivers. You can say the owners of medallions are parasites too....but the owners at least put money down for an asset, they took a risk and bought a piece of property like any landlord. UBER just creat created an app and can decide at whim what percentage they want to take from YOUR hard work...not such an incentive.

    Z

  • uggs8788 uggs8788 21 hours ago Flag

    Very true, UBER can lower its take from 30% to something lower to try and counter the effects of the lower medallion potentially causing those who drive for uber to shift back to medallion....but you are making a mistake in thinking people will not become smart enough to realize better to invest in owning something that eventually will be paid off and they aren't making many more so at some point you are not giving any of your profits away, no matter the percentage, as you now own the medallion that entitles you to all the profits one can get from driving and the medallion price itself will allow those to rent their cars out for cheaper than the 116 to 146 rate as their costs of the medallion were significantly cheaper than others and this will influence drivers not interested in owning a medallion still a more compelling offer than giving away a percenge of ALL the work you do. With the medallion, at some price level, whether you paod 116 to 146 today, or in the future if the prices continue to deflate and one can pay 80 or less, it will intrigue drivers who realize after they make that money, the REST is ALL theirs, where UBER right now is the virus that doesn't stop eating and takes a share of all your work. I have no interest in "working" for Ube and giving them a share, I would rather own the medallion and keep everything. I can only thank UBER for now causing the overdue correction...that will ultimately hurt itself.

    Z

  • uggs8788 uggs8788 May 2, 2015 8:41 PM Flag

    As a driver,who pays to rent a cab daily, I would obviously love to have the extra 116 to 146 one can pay for a shift from garage. At the same time, I do not believe that it is beneficial for people in general to have an unregulated industry. Deregulation will not be beneficial to cab drivers or their riders. It will be chaos out there. People forget that an UBER driver is a person who gets up and goes driving and he needs to get up and go do it. Nobody is compelling him to goout there everyday other than his own bills, wants and needs. What needs to happen is medallion prices need to continue to deflate as they have been doing where it becomes attractive again for people to prefer taxis over UBER and they switch back.

    Basically a CORRECTION is being undertaken, a well deserved one. The fat cat owners are paying the price as the public, or those interested in medallions now realize its not the ONLY game in town. Competetion always brings about a rebalance of valuation, no reason taxi medallions are exempt. If someone wants to open a store, they go around and look for the cheapest rent/best location and go with the best offer. UBER right now for some offers a compelling offer. They drive their own car, drive when they want(making their own hours entirely) and give 30% for the "luxury". But as medallions continue to correct, there will eventually be a bottom and UBER and its 30% take will not longer be compelling and UBER will go the way of the dinosaur or many other small business that only thrived for a small period in history when it noticed something wa overvalued and offered a compelling change...but when UBER becomes the one overvaluing its product(its 30^ plus take of everything one does), people will switch back to the medallion. Not hard to foresee.

    Having a free for all with people just ALL going out with their cars whenver they want to work is not i the cards as the cities all want to fight congestion.

    Z

  • I would like to see the price come down another 40% for the medallion....and it then becomes very attractive. Uber has its market and its obviously successful as it serves a purpose that the "markets" clearly wanted. But it doesn't mean people have stopped hailing taxi's or that taxi drivers have somehow made less money as a result of Uber, at least in NYC. A driver going out on a 12 hour shift in NYC and paying anywhere from 116 to 146 for their cab(double shift is 146) can still make 250 on average a day driving. One doesn;t even need to necessarily do a 12 hour shift as I personally make that much driving less than a 12 hour shift. Would love to own the medallion at half the price. Uber is just another car service and serves its purpose with its app, but in a city with a taxi system in place like NYC, Uber it THE niche whereas taxis are the business.

    Z

  • Reply to

    Nobody understands TAXI

    by bizmaven9 Apr 20, 2015 11:08 AM
    uggs8788 uggs8788 Apr 27, 2015 11:46 AM Flag

    Wear andd tear on the uber vehicle is going to kill these drivers. They are taking on all the headaches(insurance, vehicle maintenace) etc that Uber takes no responsibility for. At the end of the day, the UBER driver faces more headaches with the customer having a lot of power in terms of rating of service(do you know how many garbage passengers are out there who have no qualms about hurting another persons credibility despite it not being deserved)? Many.

    UBER is a headache. Good for remote cities with no major taxi industry, but those with one like NYC will generally go unaffected as the city continues to grow.,

  • Reply to

    Nobody understands TAXI

    by bizmaven9 Apr 20, 2015 11:08 AM
    uggs8788 uggs8788 Apr 27, 2015 11:43 AM Flag

    at the same time, I don;t own a medallion, just drive daily. But bottom line is cities are growing especially nyc and drivers are in demand.

  • Reply to

    Nobody understands TAXI

    by bizmaven9 Apr 20, 2015 11:08 AM
    uggs8788 uggs8788 Apr 27, 2015 11:37 AM Flag

    Exactly as someone else pointed out, an Uber driver is just some average joe looking to make an extra buck. He is not a BETTER driver, or even EXPERIENCED driver. He is just a guy looking for some extra money and like anything done half#$%$ they evenutually burn out and quit doing it as they don;t want to be doing it in the first place. Uber is just a means of exploiting a drivers hard work for creating an APP. They own nothing(as in a piece of property such as a medallion of limited quantity) that would entitle them to share in profits from driving. They just created an APP that is easily copied by many other companies(lyft, via, etc) making it hard to differentiate the difference between any of them. They also overcharge. When you get into a taxi, you know the fare is always the same.

  • Reply to

    Nobody understands TAXI

    by bizmaven9 Apr 20, 2015 11:08 AM
    uggs8788 uggs8788 Apr 27, 2015 11:34 AM Flag

    As a night shift driver, Uber is not affecting me at all. Making 250 on average. Uber is around, but Uber not as threatening in nyc as it seems to be in other cities.

  • LVS up JUST 20%. Woo hoo

    Z

  • Reply to

    When will we get an offfer...

    by ibyrite Dec 18, 2014 3:45 PM
    uggs8788 uggs8788 Dec 18, 2014 7:57 PM Flag

    We can;t even rally decently when the stock market goes up 420 points in a day and interest rates pop higher. We have a management that is literally #$%$. Angel MArtinez goes abd gets the board to authorize a 300M stock buyback when the company faces warm weather, rising sheepskin costs to record prices, and low interest rates making the stock fall due to other dividend stocks providing safer income....but then when everything turned back in our favor(3 years of sheepskin declines in 2013, 2014, 2015 and cold weather significantly early) and the company is flush with cash(expected 400M on hand in a couple months...no buyback.

    He finally became smart enough to get the board to authorize an increase in the credit facility...but for two years with the stock sitting at 60-88, he has not bought back a single share. Just a real stupid POS managing this company and its the reason any error is perceived as huge mismanagement....because the way this company is managed, its almost as if Angel likes to hold onto a mountain of shares for years as he ages(now 61) and watch other companies just completely outperform his(despite Deckers having the most popular product for the 3rd holiday in a row).

    It's actually very funny. This guy "works so hard" and his shares do nothing over 4+ years(actually down after inflation)....makes you wonder what is it all for in the end.

    Z

  • Reply to

    When will we get an offfer...

    by ibyrite Dec 18, 2014 3:45 PM
    uggs8788 uggs8788 Dec 18, 2014 7:50 PM Flag

    lol when we're all dead apparently.

    Z

  • uggs8788 by uggs8788 Dec 16, 2014 6:04 PM Flag

    Just has to happen. Interest rate is the likely reason for this havoc on the stock. But stock still not being priced in for full year 2014 and 2015 EPS and with interest rate at this level, stock should close the year at 101-103 to price it in.

    Z

  • Reply to

    Stock has underperformed inflation

    by uggs8788 Dec 16, 2014 5:19 PM
    uggs8788 uggs8788 Dec 16, 2014 5:49 PM Flag

    not quite...I just find it hilarious that people pretend investing makes sense...not when you have companies like Linkedin trading at 27B for no real income or cash...and really no real assets beyod their brand name....whereas this company has buildings and real estate that alone are worth 10-20B, but they also bring in more than 3.5B in cash flow every year.

    Z

  • 50 cents a quarter and start making the shorts pay.

    Not holding my breath. Learn why there is no point in rushing to invest. Inept management...who does not give a $$$$ about long term investors and compensating them for their patience. This company has cash and enough room with credit facility that they can start paying their shareholders...nope. Just keeps GIVING THEMSELVES options and diluting OUR ownership....so they get compensated with free money(as in shares) despite the stock and income doing nothing performance wise for over 4 years now. Pathetic.

    Z

  • since inception.

    Z

  • uggs8788 by uggs8788 Dec 16, 2014 4:51 PM Flag

    We have arrived at bottom.

    Z

  • Reply to

    Close at 97

    by uggs8788 Dec 16, 2014 9:57 AM
    uggs8788 uggs8788 Dec 16, 2014 4:37 PM Flag

    easy money is fading myself

    z

  • uggs8788 by uggs8788 Dec 16, 2014 9:57 AM Flag

    today

    Z

  • Reply to

    550M+ in cash on hand within the next 13 months

    by uggs8788 Dec 15, 2014 6:16 PM
    uggs8788 uggs8788 Dec 16, 2014 9:45 AM Flag

    management, you could be buying back stock TODAY

    Z

  • Reply to

    Spoke to my contra-indicator

    by uggs8788 Dec 16, 2014 9:37 AM
    uggs8788 uggs8788 Dec 16, 2014 9:43 AM Flag

    it would take a lot of effort to stall someone from making 350,000 dollars(the biggest option bet I saw for Dec. 20's). Seems rather pointless.

    Z

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