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  • Featured wolverine

    New Brands Put Wolverine Stock in Play to Double

    Published: October 17, 2013

    At $58.88/share, WWW shares today trade at 21x 2013 consensus EPS and 17x 2014 consensus EPS estimates. A long investment in WWW shares present an asymmetric risk/reward profile whereby I see an opportunity for compelling returns and minimal risk of capital over a 3 year holding period. I expect ...

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    Fair Warning: Crocs Is a Legit LBO Target

    Published: May 08, 2013

    A private equity buyer could take Croc’s private at ~8.5x EBITDA, with modest leverage. Including off-balance sheet operating leases, the lease adjusted leverage is only 2x today, that could support at least an additional 4x. The PE firm would need to bring retail expertise in order to help execu...

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    Deckers (Nasdaq: DECK) Has 40%+ Upside

    Published: May 30, 2012

    Deckers shares have declined 32% in 2012 as an unusually warm winter negatively impacted boot category sales (consumers postponed boot purchases) and rising sheepskin costs pressured margins. However, Sheepskin costs recently declined 35% from the peak prices and a growing sheep flock in Australi...

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  • Logo whitebg 400

    Deckers (Nasdaq: DECK) Has 40%+ Upside

    Published: May 30, 2012

    Deckers shares have declined 32% in 2012 as an unusually warm winter negatively impacted boot category sales (consumers postponed boot purchases) and rising sheepskin costs pressured margins. However, Sheepskin costs recently declined 35% from the peak prices and a growing sheep flock in Australi...

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    Quick Pitch: Deckers Outdoors (Nasdaq: DECK)

    Published: September 11, 2012

    <em>(The following is an abbreviated pitch pulled from the SumZero community)</em>

    Source: Eden Chen
    Firm: Lightmark Capital
    Type: Hedge Fund
    Location: Los Angeles, CA

    Recommendation: Long
    Recent Price: $68.66
    Target Price: $95.00
    Timeframe: 6 Months to 1 Year

    Quick Thesis
    At curr...

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