Deckers Outdoor Corp (NASDAQ:DECK)

CAPS Rating: 3 out of 5

The Company is a designer, producer and brand manager of innovative, high-quality footwear and the category creator in the sport sandal, luxury sheepskin and sustainable footwear segments.

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Player Avatar EBStroke (< 20) Submitted: 9/27/2012 2:36:08 AM : Underperform Start Price: $42.13 DECK Score: +13.08

Deckers Outdoor Corp (NASDAQ: DECK) has a short interest of 31% and is down 14% over the last three months – Unusually warm weather has placed pressure on the company, as weak sales of UGG and Teva boots forced downward pressure on the company’s stock. As well, the company sees sheepskin cost increases of 40% in 2012, on top of a 27% increase in 2011. Christian Leone believes the pressure is a buying opportunity. Christian with Luxor Capital Group increased his position in 2Q by 400% and Deckers now makes up over 6% of Luxor’s 13F portfolio.

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