Thursday, October 28, 2010
Deckers beats Q3 Estimates and guides higher!
Deckers Outdoor Corporation reported Q3 earnings of $1.07/share compared to estimates of $0.93/share. The beat in estimates helped boost the stock higher after hours. Additionally, the company increased their guidance for full year 2010 earnings. Deckers is no Skechers. If you were brave enough to hold onto your shares then you benefited from the 6% rise in share price after hours. This company will continue to grow and I think its a great place to stay invested until Christmas.
Wednesday, October 27, 2010
Deckers to report Q3 earnings October 28th
Deckers Outdoor Corporation will report its Q3 earnings on October 28th, 2010 after the markets close. If you don't have an appetite for risk then you may want to think hard about holding the stock into the earnings. Tonight, Skechers USA inc. reported terrible earnings and the stock was punished severely down more than 13% after hours. I'm not saying Deckers will be anything like Skechers, but just be prepared to stomach that kind of volatility if Deckers were to miss earnings estimates.
It may be prudent to take some profits here before the earnings especially if you've been in with me since the low 40$ range. Deckers is up about 25% since then and that's not a bad return for a few months.
It may be prudent to take some profits here before the earnings especially if you've been in with me since the low 40$ range. Deckers is up about 25% since then and that's not a bad return for a few months.
Tuesday, October 5, 2010
Deckers reaches sell target and breaks out higher
Congratulations to all those who followed me on the Deckers Outdoor Corporation from the low $40s where I started to pick up shares. This stock played out just as anticipated and it has now reached our sell target. However, by looking at the chart below we can see that Deckers is attempting to break out to new highs.
If you still have your DECK shares I would hang on to your shares. Put a stop loss below the breakout point of around $49. If it drops below this I would be out of the stock. However, if the breakout were to do a measured move it could jump another 10$ from here. Also note that we are nearing christmas which is seasonally the best period for the stock. This one is a winner and if you still have it, hang on for the ride!
If you still have your DECK shares I would hang on to your shares. Put a stop loss below the breakout point of around $49. If it drops below this I would be out of the stock. However, if the breakout were to do a measured move it could jump another 10$ from here. Also note that we are nearing christmas which is seasonally the best period for the stock. This one is a winner and if you still have it, hang on for the ride!
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