Deckers Outdoor has had a rough 2012, but the company has fallen squarely into value-stock territory now. Despite some fundamental weakness such as reliance on just one major brand, Deckers continues to perform well.

The company has achieved impressive returns on invested capital, carries no debt, and has an industry-leading margin. Deckers Outdoor could head significantly higher if it executes well this holiday shopping season.

See more in the following video.

Of course, as cheap as Deckers is, there are risks. If you prefer the guaranteed return that dividends provide instead, we invite you to read more about The 3 Dow Stocks Dividend Investors Need. Uncovering these top picks is absolutely free, so just click here and read more now. 

Austin Smith owns shares of Crocs. The Motley Fool owns shares of Crocs, Nike, and Skechers. Motley Fool newsletter services recommend Nike. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.