as a result of managements conservative estimates. But one could easily surmise that UGG pure and the lower price point it will have will more than likely lead to a much higher growth rate than conservative management is predicting.
Foward p/e of 12.5 is just absurd especially when 250M cash is being produced on top of the growing earnings.
Do not be fooled. This is a game of time. 1699 days from now, none of this dramatic price movement matters. The sun goes up, the sun comes down and deckers makes an average of 683,000 dollars in cash/day.