Ｐａｇｅ 806962 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 通常モードに戻る ┃ ＩＮＤＥＸ ┃ ≪前へ │ 次へ≫ ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ▼craniocerebral trau mineeFreelp 13/9/12(木) 16:52 ─────────────────────────────────────── ■題名 ： craniocerebral trau ■名前 ： mineeFreelp <SeseBeanoow@lkjhjkuio.info> ■日付 ： 13/9/12(木) 16:52 ■Ｗｅｂ ： http://prada-fashion.carlcoxsplit.com/ -------------------------------------------------------------------------
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The remaining few percent are from Decker's "other" brands, like ルイヴィトン 財布 ダミエ TSUBO (highend casual footwear) plus the sinceshuttered Easy ルイヴィトン バッグ 手入れ line (sustainable footwear, what ever http://uggfree-shipping.lpysw.com/ I see Decker's worth about $63 ルイヴィトン 財布 新作 2013 メンズ that means), at the same time as brand licensing for other merchandise like handbags and apparel. Rapid developing, upscale consumer brands could make for good investments just look at the gains in Apple (AAPL) and Coach (COH) over the final a variety of years. Decker's has clearly fallen into this category. UGGs have already been アグ アウトレットアグブーツ pimped by all types of Alist celebrities ranging from Oprah Winfrey to Britney Spears to Tom Brady! Celebrity cache has been a major driver behind Decker's compound annual income キッズUGG growth UGG メンズ ムートン of 26% because 2007. The brand has been so sturdy that sales nevertheless rose 18% through UGG アグ 小物 キッズ the deep recession year of 2009! Decker's stock soared from below $30 in 2007 to a higher of over $115 just last UGG2014秋冬新作先行販売 October. The business was on a roll. This year, in spite of this, the fantastic instances have slowed down considerably. Decker's stock has observed its value just about reduce in half because the starting with the year. The last 2 quarters in distinct have been challenging. UGGs brand, soon after http://uggonlinesale.lpysw.com/ years of 2030% yearoveryear growth, saw an eversoslight sales decline in the ルイヴィトン 財布 新作 2013 レディース most current quarter. Teva fell into a totally free fall, having a 17% sales decline. Although Decker's major line looked okay (+13% sales growth in Q2), the truth is that with out the Sanuk acquisition, sales would have declined 5%! I believe the ideal solution to method a potential investment in Decker's would be to ascertain if the UGGs (and, to a lesser extent, Teva and Sanuk) concepts are types, fashions, or fads. We've observed http://ugg-online-store.lpysw.com/ examples of all 3 in Magic Formula Investing (MFI), and also the benefits have already been widely http://louis-vuitton-womens.v2birdsandthebees.com/ disparate. A primarily "style" solution line, like PVH Corp. (PVH), can bring about http://louis-vuitton-store.v2birdsandthebees.com/ I see Decker's worth about $63 UGG　ブーツ good investment benefits UGG2014秋冬新作先行販売 I see Decker's worth about $63 UGG アグ 小物 キッズ when bought in the low valuations MFI uncovers. PVH final showed up in MFI in late 2009 at beneath $17. One particular ルイヴィトン 店舗 year later, it traded more than $42. Currently it is near $85! A "fad" item, on the バッグ ブランド 人気 with international sales falling 15% ルトルイヴィトン 財布コピー other hand, can be devastating. Think of the sad story of Heely's (HLYS), the rollershoe maker. Showing http://louis-vuitton-sale.doubledaveskaty.com/ up in MFI for the duration of 2008 at prices close to $6, this fad solution ヴィトン ショルダーバッグ predictably tumbled to under $2, a level it still sits at today. In my opinion, Decker's falls into a couple categories. UGGs look like a fashion http://ugg-shop-online.lpysw.com/ solution, a single that is definitely close to a peak but nonetheless holds adequate appeal to wither gracefully. Teva and specifically Sanuk look to fall alot more in to the "style" category, filling certain ルイヴィトン バッグルイヴィトンコピー niches that are brand sustaining. It does appear that Decker's might have made a mistake diluting the Teva brand into also broad a category variety, nevertheless. So, exactly where does this place ルイヴィトン 財布 人気 us? The stock itself, quantitatively, is a low cost one, using a P/E ratio of about 10 UGG ブーツ 2014 and an EBIT/EV earnings yield ratio of 15.6%. Decker's is debt totally free with nearly UGG ブーツ 正規品 取り扱い店 with international sales falling 15% UGG2014秋冬新作先行販売 $115 million of money on the balance sheet. Sales growth would be the most significant determinant of achievement here. If UGG can get back to doubledigit development, Teva levels out, and Sanuk continues to perform nicely, Decker's is clearly underpriced. Despite final UGG ブーツ 正規品 アウトレット quarter's overall performance, there is cause to consider sales growth can rebound. Domestic sales had been up 37% final quarter. it was Europe that killed right here, with international sales falling 15%. While ルイヴィトン 財布 画像 it seems UGG　ブーツ neverending, at some point I count on that the situation there will bottom and start out to rebound. Decker's would advantage materially. Modeling for any good バッグ ブランド 人気 rebound in 2013, followed by modest development from there forward, I see Decker's worth about $63, a solid http://ugg-wholesale.lpysw.com/ 40% acquire ショルダーバッグ - 激安販売のモンクレール from existing levels. MagicDiligence has a good opinion and sees the stock as a decent MFI choice at present. |