ISI Group defends Deckers Outdoor (DECK -3.9%) with a new note that suggests underlying value...

|About: Deckers Outdoor Corporation (DECK)|By:, SA News Editor

ISI Group defends Deckers Outdoor (DECK -3.9%) with a new note that suggests underlying value could be unlocked in a leveraged buyout. Robert Baird has a more grounded view on the shoe seller, noting close-out sales will hurt margins in the first half of 2013. As a result,  the firm downgrades shares to Neutral from Outperform.