Adrian Gomez Investments

On January 17 th 2013, Deckers (NASDAQ: DECK) participated in the 15 th annual ICR XChange conference in Miami, Florida. There, Mr. Zohar, Chief Operating Officer gave the presentation and several pieces of information are worth mentioning. So, here is a recap of that conference. Brand Portfolio. The company gave us a breakdown on the sales and what percentage is attributable to each of the brands they carry. ·          UGG Australia           84%     -Decreased from 87% on 2011. ·          Teva.                          9%       -Reaccelerated on the 3 rd quarter (growth of 21.8% y-o-y) ·          Sanuk    ...

El Toro, a Spanish term meaning The Bull, is a wooden roller coaster at Six Flags Great Adventure in Jackson, New Jersey. The ride is wild, and not appropriate for those with a heart condition. The same applied to the shares of Deckers Outdoor Corp (NASDAQ: DECK) during 2012, where, a very good example of the effects of “Over Promising and Under Delivering” was in full display. Starting on Jan 3, 2012 when the shares were trading at $76.42 and soon after, on Feb 23, 2012 they had gone up to $90.21 rewarding investors with a nice return of 18% in less than two months’ time, it was at this point when management came out and gave full fiscal year and 1Q12 guidance. The full year guidance was in line with analysts’ estimates as reported by Reuters but the guidance given for 1Q12 was below estimates, giving the shares its first punch of the year and sending them lower. The down trend continued pretty much all year, with every quarter management coming out and lowering guidance...