Running Strong: HOKA ($DECK Long)

A new idea for readers.

I’ve spent over twenty years on Wall St. starting at the age of twenty with Charles Schwab, then ending as a PM for a L/S hedge fund at age thirty before going out to start my own firm where we run a separately managed account structure for high net worth clients.

My approach after all those years is specific to: turn-arounds, value and select trend following ideas across any sector and market cap (aside from micro caps) within the US equity, and sometimes, international equity markets.

In short, I like buying companies we can actually value and then every once in a while we’ll take a punt into a speculative name.

This weeks idea is in Deckers Outdoors…. and while Wall Street celebrated the record numbers, here’s what they’re missing: DECK just unlocked a multi-year runway that could deliver 20%+ annualized returns — if one under-the-radar factor continues playing out.