Is Deckers Outdoor a Good Stock to Buy?

"Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily understandable business whose earnings are virtually certain to be materially higher five, ten and twenty years from now." [emphasis added] -- Warren Buffett, 1996 letter to Berkshire Hathaway shareholders.Deckers Outdoor (NYSE: DECK) is a beloved stock right now. It owns popular shoe brands such as Hoka, was included in the S&P 500 in March, and recently had a 6-for-1 stock split. But I believe it's better for investors to take interest in Deckers because it's a business that's straightforward and easy to understand -- the kind that investing great Warren Buffett said investors should look for.Here are some important things to note with Deckers' business and some thoughts regarding its future earnings, a key aspect of Buffett's advice to investors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool