Dear Reader,
If you like the idea of living in Europe and upgrading your life, this is important – and you won’t find out about it anywhere else:
As of the second week in September, you could get paid $116,000 – or even more – to live in Europe and enjoy the good life.
This could be the opportunity of a lifetime for anyone over 55, ready to live better abroad.
And you can get paid in Italy… Ireland… Spain… France…
The governments of these countries have special programs in place, which few people know exist.
I walk you through how it all works, here.
If you like the idea of a quintessentially Tuscan hilltop village – honey-colored stone that glows in the warm evening light… church bells that ring on the hour… neighbors who talk out front as they water the flowers in their window boxes…
Then you’ll like this opportunity… because you could get paid to live there.
But that’s just one option.
Maybe you like the idea of cycling along a lakeside path in one of the most visually stunning corners of Europe… cool fresh air… forest trails that connect one hamlet to the next… cobblestone villages where the pace of life is measured less by the clock than by the seasons…
If that sounds compelling, then this could be for you… because you could get paid to live there, too…
And that’s just for starters!
Don’t wait to get the details.
A new window for this opportunity just opened… and the available slots are limited.
I’ve created a video to fill you in here.
Warmly,
Jennifer Stevens
Executive Editor, International Living
P.S. You could get paid to live in an Irish cottage…
Just imagine… you could walk down the street for a pint and on Wednesday evenings install yourself on a bar stool to hear the fiddles and voices at the weekly trad session.
You’d meet neighbors there, maybe have the fish and chips with a Guinness… or a bowl of seafood chowder with fresh baked bread.
It might sound like a storybook life, but the Irish government could pay you to enjoy it…
Deckers Fell 8% on a Guidance Cut. The Earnings Beat Is the Trade.
Markets punished Deckers Outdoor for telling the truth. After the close on October 22, the company posted a GAAP diluted EPS of $2.31, including a $0.28 benefit from IEEPA tariff refunds, while revenue of $1.48 billion grew 3.5% year-over-year but missed consensus expectations of about $1.51 billion. The response was swift: DECK fell 8.24% after hours to $78.25.
The selloff is understandable on the surface. Deckers now expects net sales for the full fiscal 2027 year between $5.70 billion and $5.725 billion, down from its previous guidance of $5.86 billion to $5.91 billion. That is a meaningful reduction. But the market’s reaction conflates a revenue shortfall with a business in distress, and those are not the same thing.
What the Selloff Is Missing
Strip out the noise and the underlying picture is more nuanced. Excluding the $0.28 IEEPA tariff refund benefit, diluted EPS was $2.03, up 11.5% year-over-year, while gross margin expanded 430 basis points to 60.5%. Those are not the numbers of a brand losing pricing power.
Roughly $22 million of the revenue shortfall traces to European third-party logistics shipping delays, not demand destruction. That is a timing issue, not a structural one. Meanwhile, DTC comparable net sales decreased 6.4% year-over-year, with management pointing to increased U.S. promotional activity pressuring e-commerce. That part is real pressure, but management is choosing not to chase it. CEO Stefano Caroti said Deckers does not want to trade brand equity for short-term revenue, prioritizing full-price selling and margins over chasing volume.
The Holiday Catalyst
UGG’s fiscal third quarter, which includes the holiday season, is where the company makes or loses its year. UGG is employing a scarcity strategy for key styles to protect full-price integrity, with early-season demand for Sunburst and Classic Tall models exceeding management’s expectations. With the second quarter serving as a key selling period for the brand, management pointed to healthy wholesale sell-in globally, which sets the stage for the upcoming holiday season.
International net sales grew 9% year-over-year to $644.7 million, offering a second engine of momentum that the domestic DTC weakness does not extinguish.
International momentum is often where the market’s short-term reaction misses the most. MercadoLibre faced the same dynamic — dominant international growth sold off because near-term margin compression overshadowed the underlying flywheel.
Options Perspective
Here is where the opportunity sharpens. Post-earnings implied volatility in DECK remains elevated relative to where it traded before results, creating a window to enter a defined-risk position at a more favorable premium than existed 48 hours ago. The panic move toward the 52-week low of $77.20 has pushed the stock closer to a level where expectations are already compressed. Twenty-seven analysts carry an average Buy rating on DECK, with a 12-month consensus price target of $117.64, roughly 39% above where shares traded before the after-hours decline.
A bull call spread targeting a recovery into the $90 to $95 range through late January captures the UGG holiday quarter catalyst with defined risk. This structure involves buying a call at a lower strike and simultaneously selling a call at a higher strike, reducing cost relative to a naked long call while capping the maximum profit. If implied volatility compresses as the post-earnings shock fades, the spread benefits from both directional movement and that vol decay, a double tailwind absent from outright long calls.
Risk Management
The thesis breaks if holiday UGG sell-through disappoints or if the promotional environment in domestic athletic footwear deepens faster than management’s guidance already reflects. The U.S. unemployment rate ticked up to 4.2% in September, while the 10-year Treasury yield was around 5.13% in late October, keeping financing costs elevated for consumers and the wholesale partners that stock Deckers’ brands. That macro backdrop is real. Position sizing should reflect it.
The Beast Verdict
Deckers just posted a revenue miss and cut its full-year sales outlook, and the implied volatility spike that followed has left premium elevated heading into the quarter that historically defines the full-year result. The EPS engine is intact, the balance sheet carries no outstanding borrowings, and UGG’s early holiday signals are encouraging. One valuation model puts DECK’s intrinsic value around $150. The market is pricing maximum fear into a business that just posted a 430-basis-point gross margin expansion. That disconnect is the trade.
