cash end of year 2013 was 238M and debt was 9M. Add in that end of first quarter cash is 245 and debt is just 6M and compared to last years first quarter balance sheet cash was 110 and debt was 30M
Add on 300M in credit facility right now and you add another 9.50/share in cash bringing the total to 40/share in cash over the next 55 months.
Company can give a $3 dollar dividend EASY(3.5% return/year).
Company can buyout some other brand. Company can buyback stock at current prices.
The WORLD is Deck's oyster.
UGG Pure will be 25-30% integrated for full year 2014. So.....for the foreseeable future, cash flow should remain over 130M/year with international growth on its way as well.
130X5=650M or 22/share in cash over the next 4.5 years should be produced on top of the 9 already sitting on the books.
Stock is trading at just 80/share. Little ridiculous.
Company has so many options in front of it.
1. Can inititate a dividend of 1% or 30M/ year.
2. Can inititate an increase in buyback.
3. Buyout another brand and add more cash flow.
So many options....6.45M shorts NEED TO COVER.