Interested to hear other holders / non holders of Deckers Brands thoughts are on the recent quarter.
Personally I think they did a great job. Beat on almost all metrics. Guidance was a bit weak and the pre earnings sell off and post earnings drop seems an over reaction to me.
While I would prefer the stock price to go up, I’m happy they can buy back so much at these prices. In another 12 months they should have retired over 10% of the float which in theory will start to have a pretty meaningful impact on the EPS numbers.
I guess the market is treating them like a company that is no longer growing, but for me I see a consistant management team that delivers pretty solid results quarter after quarter. I’ve been a share holder for a couple of years now and plan to stay one but would love to hear people’s thoughts as to why they wouldn’t invest in this stock.
For me this seems like a great company at a very fair price.