The fucking gorilla over at Sterne Agee ruined my day with his fucking ridiculous downgrade of DECK. May I be emphatic? How does this chimp get to a $72 price target from $130 based upon the Nordstrom website and weather trends? Women don’t give shit about the weather. They honey badger their way into Uggs boots in the summer, snow, rain–it doesn’t matter. He also cites an increase in sheepskin prices as a reason to sell. Well, FUCK YOU RUNNING SIDEWAYS, Sir. Women will buy that shit at $200 with same ferocity as they do at $180.
I will make you a bet, Sir. If the earnings are poor in February, I will give myself an Asshat Award. On the other hand, if DECK beats and guides up, based upon “honey badger” mentality amongst fashioned crazed women, I will mail you physical trophies of the Asshat Award for the rest of your natural life. You, Sir, will not escape the wrath of Le Fly, for he travels the globe with guillotine and mingles amongst pirates and operates space orbital cannons (SOC) from the back of his 1980’s stretch limousine.
Since the beginning of the day, my positions have increased in value, particularly LULU. Based upon the science of nature and all that is good on the earth and in space, I started a position in EXK. I beg you, dear foe, bet against me in EXK and I will see to it your kidneys removed from your person and you will wake up in a tub filled with ice, attached to a dialysis machine.
With Confidence and Fidelity,
Fly
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Sublime post as always.
Banish this Sterne Agee fool to the depths of Greece.
Or Mobile, at least.
You know what I bet?
I bet he has a fuggin’ spittoon under his desk!
__________
Don’t knock the spittoon. Skoal is the only reason I haven’t sucker punched one of my co-workers yet.
Why would anyone hire a motivational speaker when you can come here and get the kind of gems espoused by M. Le Fly when his blood is up. Too freaking rare — comparable too Mark Anthony’s soliloquy in eulogizing Julius Caesar — thank you Sir.
You’re a disgusting man.
Yes, I’ve been told that on occasion.
I think he was talking to spittoon boy, the one with the Nissan upgrade name.
_______
Can we get a list of Agee’s previous recommendations and determine if he should get the Large Asshat Award or the Extra Large?
Here are SA’s Footwear and Apparel analysts. Who is the fucking gorilla?
Sam Poser
Senior Research Analyst
Sam Poser joined Sterne Agee in June 2007. Prior to joining the firm, Mr. Poser worked for FTN Midwest and Mosaic Research. Mr. Poser also spent 20 years in retail as a footwear buyer for The Sports Authority, Champs Sports, Track n Trail and Bloomingdales. He has also worked for other retailers, including Macy’s California, Neiman Marcus, G Fox, Charivari and Joan & David. Mr. Poser holds a BA in Political Studies from Pitzer College in Claremont, California.
Ken Stumphauzer, CFA
Senior Research Analyst
Prior to joining Sterne Agee, Ken Stumphauzer spent two years at FTN Midwest Securities – first as an associate covering specialty retail and then in institutional sales primarily covering international accounts. Previously, he worked for Fifth Third Bank. In 2011, he was named an Institutional Investor’s Rising Star in two sectors: Apparel/Footwear & Broadlines/Department Stores. Mr. Stumphauzer received his Bachelor’s degree from Tiffin University and his MBA with a concentration in Banking and Finance from Case Western Reserve University.
Jessica Bornn
Research Analyst
Jessica Bornn joined Sterne Agee in July 2010 as a research associate covering Footwear, Apparel, & Broadlines. Prior to joining the firm she covered specialty retail at Wachovia Capital Markets and also worked as a consultant in the luxury industry at the Luxury Institute. Earlier in her career she worked at Merchant Forecast, an independent research firm covering the retail and consumer sector, and has previously worked as a buyer in luxury fashion. Ms. Bornn holds a BS in Consumer Science from The University of Wisconsin, Madison.
Sterne Agree recommends RIMM on August 26th when the price was around $29 with a target of $35. It’s trading at $14 today in AH.
http://www.reuters.com/article/2011/08/26/idUSL4E7JQ2DV20110826
See my post on googling Sam Poser and then tell me what you think.
http://www.scribd.com/doc/75718413/Hayman-Capital-Management-Letter-to-Investors-Dec-2011
Kyle Bass letter to investors
Bass is a whiney little book talker who musta got the shit kicked out of him by the girl scouts. But I hear his mommy thinks he’s special.
Bass is one of the most clear eyed and sharp money men out there. Cross him at your peril.
Oh, Pah-Lease…Wall St is full of “one hit wonder” fund managers and analysts alike.
Most need to quit when they are ahead but their ego gets to them.
He will be no different…probably having an affair with Meredith Whitney too.
Everyone is wrong sometimes, and I am sure he will be some time too. But he is far smarter than most. He does talk a lot about fundamentals, which the market sometimes pays attention to and sometimes does not, so what he says can be hard to trade from.
Hes bearish on China and Bullish on Canada? what? I can agree with just about everything he says, but recently his calls have been a bit cheeky.
Since when do the smartest guys make the most money?…the Enron guys were smart…smartest guys in the room as I recall.
Thanks much for the link. Must read stuff.
There is a nemesis or two I would have been delighted to pen this to, exquisite sir.
prop bets with ass hat implications.
love it.
you’re on a roll sir, why not go after whoring Herb Greenberg who hates any momo stock…DECK and GMCR and DPZ and Cramer for his buy gold and sell XLF call last week? That was genius too…
I second that! Herb deserves the Ass Hat.
He thinks anything that grows quickly must be a fraud. Perhaps, if he knew how to run a business instead of just talk about businesses he would understand how that happens.
Agreed. But I believe he’s been the proud recipient of several Asshat of the Month awards and perhaps even one Asshat of the Year award.
how many centimeters wide is the average male sphincter muscle, and how many centimeters is the front of the UGG?
Cramer right now is screaming his tonsils into Drury’s cleavage..would easily take two uggs to cover that hole – maybe not..fill the rest with piss out of a keurig.
Just curious, are you a 70 year old woman that plays tennis with my mom?
LOL. She’s NOT that old!
She’s at least ten years younger than Mom.
______
Great post, as usual.
Sterne Agee, you’re doomed. The Fly is gonna fuck you up. Sterne Agee analysts, get ready to take down your Employee of the Month plaques and replace them with Asshat Awards. In six months, I will visit your sinister offices in Alabama to make sure you are proudly displaying these wonderful Asshat trophies that God bestowed upon you. If you choose not to, I will start eating brains one by one, beginning with the fool that downgraded DECK.
Birmingham’s actually a pretty nice town.
Very fine looking ladies, as well.
_____
Yes, I understand that the strippers down there have that sweet wholesome look. I’ll check that out on my way to their offices.
“large naturals.”
______
I like midtown areas of Hoover and Homewood.
Jeeze, and to think it took me all this time to figure out that you two were dirty old bastards!
Good dog.
_____
I’m noticing a lot of wimmen wearing Uggs. Like on their way to dance class, makes for an easy change into the studio dance footies or whatever. And with the LULU leotards headed to Yoga. It’s like a uniform. DECk and LULU should merge.
The honey badger does not give a shit, indeud.
Every cunt wants a UGG boots (justifiably) just like every dickhead wants a cowboy hat.
I am with you on this one. Go DECK.
The “c” word?
Really?
________
you posted that song before =]
BUY DEXK WITH BOTH HANDS NOW
BU Y DECK
Jake
You are the Benedict Arnold of the north, a traitor of northern aggressors. There is nothing at all redeeming about Alabama.
Apparently you have never been to the original Dreamland BBQ in Tuscaloosa.
If you go be sure to wear a houndstooth hat like Bear Bryant.
I am truly like that character in Bernard Cornwell’s Rebel.
The young Yankee sot who gets lured down to the Old South by a beguiling Southern vixen, only to fall in love w. the place and join up with some crazy general’s confederate brigade.
_________
Actually LA (lower alabama) around Ft Walton Beach is kind of nice.
Save that Ft. Walton Beach is in Florida.
But I know what you’re saying. I went to Destin for Spring Break before MTV discovered that area, and that is what engendered my lifelong love of Southern wimmens.
________
Alabama is good– (Auburn blows). Muscle Shoals has some rich music history.
Treu. Allman Bros.
_____
told ya bottom is in
wow, your most favorite person and your new enemy, all inside 24 hours.
I think Fly’s enemy list may be longer than the Richard Nixon list.
ha ha, Caddy
Do I sense a new term for the dictionary?
Honey Badger: The general attitude women exhibit whilst walking into a Decker’s store.
Analyst upgrades/downgrades should be required to have mandatory quiet period during op-ex week and week prior to ex-dividend dates.
I am impressed with the Bernank. How did he whip-saw oil from 100+ to low 90’s in such short order. For today, I’m quite impressed.
Flaunt it while you got it Chairman B.
OK..I wear UGGS, so I am the target market. They are really, really easy to wear, very warm. It actually is lame to wear them in summer, and people that do, over the age of 14 should be shot. But, like any good fashion trend..its getting long in the tooth. Not cutting edge at all and EVERYONE has at least one/two pairs. You can have a short pair, tall pair..one tan. one black..but the new trim is not working imho. But, I will ask around. In 2007 I loved Deckers for UGGs..so I can call the end of them too..and it is getting close, except they are just too comfortable to give up just yet.
Me too. Since I live next to the beach in california I wear flip-flops in the summer and uggs in the winter.
yep…me too.
Not everything is a bubble, ya know.
any thoughts on this?http://www.cnn.com/2011/09/28/world/europe/uk-trader-viral/
honey badger,hmmmm new name for puntang ?
Honey Badger Part II,
“There is a bloody brave little animal called the honey badger in Africa. It may be the meanest animal in the world. It kills for malice and for sport, and it does not go for the jugular-it goes straight for the groin. It has a hell of a lot in common with the modern American woman.”
Granted, that was written before Nymph began her currencymania.
Back to the Urban Dictionary for “Honey Badger”. Too many definitions and some would cause Homeland Security to seize this iBC.
Here are a couple:
11. Honey Badger
Term used to describe an experienced male that targets younger females.
-“I’m gonna knaw through her knickers like a naughty honey badger”.
10. Honey Badger
Adjective: Of or relating to masculine homosexual women.
Noun: A masculine homosexual woman.
Synonym: Dike
My Aunt Liz is a Honey Badger and she don’t give a shit!
thought that was a new name for the older cougars.the ones that still think they can lube without help from otc products
Just an opinion here – looking at the 1y DECK chart – 86 is a Sept. Support level – $81.64 is a 61.8 Fib level. If that breaks it looks like free fall back to $72 (early Aug lows)
DON’T SHOOT THE MESSENGER
I assumed the honey badger was a reference to the viral youtube video. http://www.youtube.com/watch?v=4r7wHMg5Yjg
I am so dumb.
I sold my EXK puts yesterday. When fly sells his shares I’m going back in short
Dr. is pretty angry… i can feel it.
I wouldn’t worry about that downgrade. I’m willing to bet their christmas sales are going to be just fine. My grandma knows jack shit about fashion or anything trendy and she just dropped close to a G buying 2 of my sisters and my mom multiple pairs of UGG boots. Not to mention she ended up adding them to her own list.
Don’t worry, GSVC will make him happy tomorrow…could hit $19.
Sam Poser said on Fox bsiness video on 9/6/11 that DECK was his top footwear pick and gushed on and on about the business including the UGG part. Google Sam Poser+ Sterne Agee and it is there.
Macy CEO just said UGGS are doing great in the stores.
check QVC and HSN -if they’re still pushing UGGS they’re still hot..they don’t put shit on tv unless it’s hot hot hot..if you live in fly over country your fashion opinion is worthless. As is the rest of you.
To be honest I don’t believe that I have ever seen a pair of Uggs.
I haven’t been to a mall in about 5 years and I think it’s too warm around here for them.
I saw a bunch of boot wearers (most thought they were models) when I was in Manhattan back in March (some young lady fell over her boots in front of me at the Shake Shack in Madison Sq. Park) so am I to assume those were Uggs?
Here’s what they look like – though it may be somewhat difficult to focus on the boots –
This Ad is semi-NSFW: http://thedeafsage.files.wordpress.com/2009/03/ugg-chick.gif
Never seen them (or her) around here.
Although I bet if you wear them at LC’s BBQ restaurant in KC it would keep you from sliding on the grease baked into the floors.
EK at 0.82 cents seems like a decent bet…
Eastern Kodak
What you all think?
That was Eastman Kodak
They have been selling off their valuable patents over the last few years in order to survive.
When they file Chapt. 11 the common will be wiped out.
Just be sure you grab the last chair when the music stops.
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