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Deckers Outdoor Corp. Message Board

verypure1 4 posts  |  Last Activity: Jul 24, 2014 7:02 PM Member since: May 13, 2004
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  • Reply to

    cha ching!

    by uggs8788 Jul 24, 2014 5:22 PM
    verypure1 verypure1 Jul 24, 2014 7:02 PM Flag

    Indian: I'm really happy that your many positive messages have been vindicated. I'm sure you listened to the conference call today, and heard what I heard: that this company is firing on all cylinders. But it is not a "cash machine," as you say -- a concept that suggests something fairly mindless, like a cement mixer. No, it is a brilliantly-run and aggressively innovative company, thanks to Angel Martinez and those he has hired. It has been a long time since I've heard such a positive conference call. You are surely right that this stock is destined for major gains in the coming months. The only possible glitch would be a general market meltdown.

    Congratulations to all long holders! Tomorrow there is likely to be some serious short covering, and the stock will enjoy a huge leap forward.

  • verypure1 verypure1 Jun 12, 2014 10:10 AM Flag

    Sir: As I type, DECK has traded just 24,000 shares after more than 35 minutes of trading today. The price movement is therefore completely meaningless for any purposes whatsoever. Anyone who makes decisions about buying or selling a stock with so little volume -- no trades by large holders at all -- is making a very big mistake. What a few small investors do has no relevance, except possibly to provide support for the old adage that the small investor is always wrong.

  • verypure1 verypure1 May 6, 2014 8:22 AM Flag

    Z: Thank you. I just wanted to make sure you didn't know something about buybacks that I didn't know. I have tended to prefer that my companies use their cash for long-term growth, such as by buying other companies and strengthening infrastructure (as DECK as done). DECK's management is always looking for the next UGG (as the former CEO put it, before you owned any of this company). That's why they bought Sanuk and Hoka, and both acquisitions appear to have been very good moves that could be big earners in the future. This seems to me to be much more valuable than merely boosting the earnings per share by buying back shares to raise the share price in the short term. But then I am not infallible.

  • verypure1 verypure1 May 5, 2014 8:11 PM Flag

    Z: Why do you favor a buyback of shares -- merely to raise earnings per share, making it appear that real earnings have increased? Why do you think there are not more buybacks, because the boards of companies are all dumber than you?

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