Is Deckers Outdoor (DECK) Reasonably Priced Or Are Cash Flows Stretched?

Deckers Outdoor has delivered a 38.8% gain over the past 5 years, even though its shorter term performance has been weaker. That kind of long run outcome raises a straightforward question for investors. Is the current share price still in line with the cash the business is expected to generate over time, or has the story moved ahead of the underlying cash flows? Over 5 years, Deckers Outdoor has returned 38.8%, which puts a meaningful amount of long term shareholder value on the line if its...