Running With Deckers
Specialty-shoe maker Deckers Outdoor (DECK) had good news and bad news Friday. Its fourth quarter was a better than expected, with an all-time record for earnings per share -- $5.07. At the same time, though, management guided to a first quarter that looks to be about 50% below a year earlier, due mainly to price increases in raw materials.
Because Deckers is seasonally weak in its first half, management still expects full-year EPS this year to about match its 2011 number. Shares had peaked at $118.90 last October, and on Friday they traded down $12.49 per share, or 13.85%, to close at $77.72....296 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.