Over the last 18 months or so, I have been one of the most bearish out there when it comes to Deckers Outdoor (NASDAQ:DECK). Deckers, if you don't recognize the name, is the company that is most known for the UGG brand. The company also owns the Teva and Sanuk brands, but UGGs account for most of the revenues.
I initially got bearish in late 2011 when Deckers was above $90, as it appeared we were headed for a warm winter. Deckers was seeing large rises in sheepskin prices, the main input in its products. Growth also appeared to be slowing down, and this trifecta of events definitely worried me. Deckers had a rough winter, and 2012 was...
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