Deckers' Stock Comes Back Into Style
Traders couldn't love Deckers Outdoor (DECK) enough last fall, as the shares were running up to their all-time high of $118.90. The company was finishing up a record year that closed 2011 with earnings per share of $5.07. Momentum players were paying almost 24x that year's earnings.
You'd think the 2007 experience would have taught them something. Buyers just prior to year-end 2007 were bidding $55.50 (split adjusted) on what were then all-time high earnings per share of $1.68. They got in just in time to ride Deckers down by 77.6% to $12.40 as the overall market troughed in March of 2009....277 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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