jeff

Deckers’ Quarter: More Sanuk Travails and the Public Company Conundrum.

I’ve reviewed Deckers’ 10Q for the three months ended December 31, 2016 and their conference call.  The company earned $41 million on sales of $760 million in the quarter, which isn’t bad.  But that’s down from net income of $157 million on revenues of $796 million in the same quarter last year. The problem?  I’m

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An Analysis of Free Trade

  I’ve been sitting on this for a while trying to figure out whether or not offer it up.  It’s certainly not action sports or active outdoor focused.  And, in our current environment, it’s inevitably going to be perceived as having a particular bias.  I’d say it reaches a solid conclusion based on the data

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The Buckle Has a Lousy Quarter- Kind of. Well, Not Exactly. Can the Outsized Returns Continue?

As I’ve recently written, Tilly’s and Zumiez were kind of caught by surprise by their very positive end of October quarterly results.  But because the surprise was of the positive kind, nobody seemed to care.  Though perhaps they should. The Buckle, on the other hand, reported a 14.6% decline in revenues from $280 million in

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