Question(s) for the board on Deckers Outdoors (DECK)
The stock has corrected nearly 55% from its high at the end of last year to its low a week ago due to an earnings miss (1 cent) and poor guidance for the next quarter. Its valuation using most metrics is quite reasonable, yet nearly 53% of its shares are still held short. My questions are:
1. is there something to suggest or indicate that there is still substantially more to the downside when it reports its next quarter?
2. if you had to bet with your money, would you join the shortsellers that there is a further selloff coming or would you go long and play it for a massive short squeeze?