" Skechers also said on Thursday that it might be prepared to "refine" its $5.25-per-share offer "if additional value can be identified during the due diligence."
Cash on hand = $ 95 mil
Free cash Flow = $ 50 mil last yr time 3 = $ 150 mil
Brand Name worth = $ 200 mil.
Premium ( so you do not have to do the work and take 3 yrs and risk failing = $ 100 mil
Refined value of HLYS = $ 545 mil or about $ 20 per share!
We could 'refine' it further.........