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Marcato's McGuire says Deckers has made 'critical missteps' - CNBC
February 13, 2017 / 6:06 PM / 7 months ago

Marcato's McGuire says Deckers has made 'critical missteps' - CNBC

NEW YORK, Feb 13 (Reuters) - Mick McGuire, founder of activist hedge fund Marcato Capital Management, told CNBC on Monday that Deckers Outdoor Corp had made capital allocation missteps and showed a lack of discipline around costs.

“Deckers is...a business with a great brand, generates a lot of cash flow and actually trades at one of its lowest valuations in its history, but they’ve made some very critical missteps around capital allocation and really a lack of discipline around costs and returns on capital,” McGuire told the cable television network.

Deckers was not immediately available for comment. (Reporting by Sam Forgione; editing by Grant McCool)

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