Q: Hello Peter and team,
Early December, you said DECK trades at 34X forward earnings, a bit expensive but you like it.
Looking at technicals, it is way above the 200 daily moving average. After the big run it has had for the last 2 years, do you think it would be better to wait before buying, expecting it to retrace back to the 200 DMA?
Do you think it still has room to go higher? What would be your target price?
Thank you!
Silvia
Early December, you said DECK trades at 34X forward earnings, a bit expensive but you like it.
Looking at technicals, it is way above the 200 daily moving average. After the big run it has had for the last 2 years, do you think it would be better to wait before buying, expecting it to retrace back to the 200 DMA?
Do you think it still has room to go higher? What would be your target price?
Thank you!
Silvia