XXL Chicken retweeted
Sports Illustrated sold for $110 million.
The domain ai(dot)com sold for $70 million.
Trump changed AI to SI.
Sports Illustrated owns the domain si(dot)com.
A dying magazine just inherited the most expensive two letters in tech.
馃ぃ馃ぃ馃ぃ馃ぃ
JUST IN: HOKA and UGG owner Deckers briefly hit a new 52 week low today and is down ~65% from its ATH
They join Nike and Lulu on the growing list of iconic brands getting crushed
Did people suddenly realize HOKAs are ugly clunkers?
Here's what's going on -
A major growth reset is hitting Deckers
Growth is slowing at both HOKA and UGG, while higher tariffs remain another headwind
Operating income fell 6% even as revenue increased
But Deckers still owns two of the biggest brands in footwear and has ~$1.6B in cash w/ no outstanding borrowings
Is this becoming a major value opportunity?
Or is there more pain ahead?
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