DECK

[Melf Elf]

Up $1.00 yesterday.  New high for the move.

[fill_the_gap]

The call options worked out well !

Deckers Outdoor Corporation Reports Second Quarter Results; Company Confirms High-End of Previous Guidance for Fiscal 2005
Business Wire - July 21, 2005 07:30

GOLETA, Calif., Jul 21, 2005 (BUSINESS WIRE) -- Deckers Outdoor Corporation (NASDAQ: DECK) today announced financial results for the second quarter ended June 30, 2005.

For the second quarter, net sales were $40.3 million compared to $40.5 million in the same period last year. Net earnings for the quarter were $2.7 million, compared to net earnings of $5.1 million in the same period last year, and diluted earnings per share were $0.21 compared to diluted earnings per share of $0.43 in the second quarter of 2004.

For the six months ended June 30, 2005, net sales increased 23% to $104.6 million compared to $84.8 million in the same period last year. Net earnings for the first half of fiscal 2005 increased 11% to $11.6 million, compared to net earnings of $10.5 million in the same period last year. Diluted earnings per share were $0.90 compared to diluted earnings per share of $0.91 in the same period of fiscal 2004.

Douglas Otto, Chairman of Deckers Outdoor, stated, "As expected, Teva's dependency on open toe sandals combined with the lingering cold weather during the Spring 2005 season negatively impacted our domestic Teva business during the quarter, while weakness in certain international markets affected Teva's overseas business. However, demand for UGG remained strong and as we enter our key selling period for UGG we are very excited about the opportunities we continue to see in the marketplace. The UGG orders for our Fall season have come in strong and we expect another record year for our UGG brand in 2005."

Including sales from both the wholesale divisions and the Internet and catalog retailing business, Teva sales for the second quarter decreased to $24.8 million from $27.1 million in the same period a year ago, while UGG sales increased to $13.3 million compared to $11.7 million for the second quarter last year. Simple sales increased to $2.2 million compared to $1.8 million for the second quarter last year. Sales for the Internet and catalog retailing business, which are included in the brand sales numbers above, aggregated approximately $3.5 million for the second quarter of 2005, compared to $4.9 million for the second quarter of 2004.

Mr. Otto continued, "Our UGG business for the first half of 2005 was very positive, with sales more than doubling compared to the first half of 2004. We feel very good about UGG's performance year to date and expect this momentum to continue this Fall. For the upcoming Fall season, we have substantially broadened our product offerings and increased the number of slipper and casual footwear styles. We also introduced new collections including the Metropolitan Collection, which includes the Cargo Boot and the Uptown Mukluk, while continuing to deliver the popular Classic and Ultra styles that have been the mainstay of the UGG brand. Based on our strong bookings, current sell-through rates and positive retailer response, we feel very encouraged about both the near- and long-term prospects for the brand. We believe that, over time, we have a tremendous opportunity to increase our geographic penetration and expand our footwear and non-footwear categories and we are dedicated to taking full advantage of the significant growth prospects that lie ahead."

[Melf Elf]

That was the long answer to your question.     Short answer: as the chart stands, I'd expect to see at least $29.25 by the end of September of this year.

This is a nice surprise.  DECK is indicated BID 29.34...ASK 29.50 in pre-market trading.  If that holds up,  I'll sell into my target.

Updated: 07:54 AM EDT
Deckers Outdoor Corporation Reports Second Quarter Results; Company Confirms High-End of Previous Guidance for Fiscal 2005

[Melf Elf]

fill_the_gap,

Just saw your post!  I didn't know that this thread existed.  Hopefully, Ramsburg will merge them.  Congratualtions and applause on your options.

[fill_the_gap]

Melf,

Not a big deal.

Hard to keep up with it all on here.

I got in before it was On Fire.

No harm done,
Glad you made money too.

-Jeff-

[Melf Elf]

Sold at 29.74

[Melf Elf]

How's this for an example of "take profits when your target is made?"  It opened at 29.99, well beyond my 29.25 target.  I sold it, then it immediately collapsed.  Yikes.   

http://ts-lc.sc8.finance.lycos.com/1121955706234?User=demo&Pswd=demo&DataType=GIF&Symbol=NASDAQ:DECK&Interval=10&Permission=1000&Ht=400&Wd=600&Display=2&Study=&Param1=&Param2=&Param3=&FontSize=10&LocaleID=0x0409

[Tirebldr]

Could someone give me an educated insight on the possible future of DECK - say a month or two out? What's the chance of it closing that gap anytime soon?

[fill_the_gap]

Jim Cramer and Oprah recently endorsed DECK.

I am in for the short squeeze and new money push.
It was the number one hit for Amazon shopping.

Anything Oprah touched turns to gold.
TA also looks great now.

Holding for 30's.   

[fill_the_gap]

Jim Cramer and Oprah recently endorsed DECK.

I am in for the short squeeze and new money push.
It was the number one hit for Amazon shopping.

Anything Oprah touched turns to gold.
TA also looks great now.

Holding for 30's.   

[fill_the_gap]

The shorts are covering.   

[sebfr]

Hi,

A cup and handle is forming...We can anticipate or not...

[setravis]

"DECK" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.          
All history on a stock pick in 1 thread is awesome.         

Thank You....and good luck with all your trades....make some $$$


I will leave you the chart while I'm in this thread

[bjc]

Wow.  If I had bought this stock the first time I saw a babe wearing them, I'd be drinking Bud Lights in Vegas for a living. 

This is one of the most impressive weekly charts I have ever seen. 


On a similar note, CROX looks to be in buy range.  It was way oversold, imo.  See how it acts tomorrow..