Replies to post #397798 on Zeev's Turnips Patch-No Politics (ZEEV)

[BuzzOnDaBeach]

Shares of Deckers Outdoor (DECK:Nasdaq - commentary - research) were among the Nasdaq's losers Friday, falling 7.3% after the company cut its second-quarter guidance.

The outdoor footwear company now expects earnings of 15 cents to 18 cents a share on sales of $38 million to $39 million. Previously, the company said it would earn between 28 cents and 30 cents a share on sales of $40 million to $41 million. Analysts polled by Thomson First Call had been expecting earnings of 29 cents a share on sales of $40.5 million.

[BuzzOnDaBeach]

I also don't buy that Ugg sales will be strong this fall. Here on the left coast, they seem to be done, plus there are so many knock offs now that are available. Wish I had thought to buy DECK a year and a half ago when I saw the Ugg craze starting out here. But it's already a bit "passe" among the teen girls my oldest son fraternizes with. I will not be surprised if when they report 2q they warn for 3q.

Buzz

[Must Be Patient]

I was wondering the same thing about DECK's failure to make a new low. Perhaps it has more to do with overall market sentiment being much more bullish now than it was towards the end of April when the bad news first hit. If this is the case, if the market corrects substantially we could get a lower low that would likely have all sorts of divergences on the various indicators. I would like to buy at that point.

[Public Heel]

DECK blamed the weather and said that people had only "postponed" their sandals purchases. Might be true, or it might be that their stuff has gone out of style. I don't see how they could really know, one way or another...

[jra2]

Yes , I did for about 45 minutes.Explained the situation right off the bat and answered questions .It sounds as if everything is going to be fine the second half of the year .Quit listening after the new Reebok Teva manager did his dog and pony show. I will sell all of my shares to you for my average $21.97 tonight ....why did I listen to you guys and get hooked into this sandal fiasco (g)? Add Syna to that mix as well .Seriously , I feel comfortable with both issues but will have to hold like I did on Bste and Jcom to gain financially .Zeev,going to wait for Goog to get into that mid $300 range and I am going to short with everything I have as I still don't believe that one is going to hold up when it gets there. Especially ,wait until Sept. rolls around and people start selling to capture that 15% tax rate instead of that 35 % now.....don't you think ?

[Gizmo]

Feel like offering up a map for the back half of the year?