Buy DECK by Nov 23, 2026.

I first wrote up Deckers Brands (NYSE: DECK) on October 30, 2025, when it was \~$84/share. The stock ran to \~$120/share by late February 2026, then gave most of that gain back and now trades at \~$91/share. ([see the original Reddit post](https://www.reddit.com/r/ValueInvesting/comments/1ol5l7i/thoughts_on_deckers_down_58_ytd/)). This was basically the thesis at the time: “You can buy $1.2B in annual EBIT, $1.4B cash, $900M FCF, zero debt—with international revenue growing 38%—all for 13x earnings.” The balance sheet is stronger now, at $1.6B of cash …