You have to understand, they own 9% of this company! Besides all the evidence I've laid out of why in 1685 days or less this company will be much higher than where we currently are(no insider sales last 18 months, buyback of 15-20% of the company last 18 months, ugg pure, lower sheepskin costs, growing international sales) Goldman sachs has bought in already. They loaded up in the 30's(basically calling a bottom at that level).
I am not syaing we can't go back to the 30's for whatever reason over the next 1685 days, but cash to valuation gets cut in half at that point as well to about 800-900 days. When we were at the lowest of 28/share, cash to valuation was just 1200 days! But this time it would be lower as sheepskin costs are down 11% for 2013 compared to 2012. UGG pure will be a huge hit with its low pirce point and increase sales(which means more cash), and opening more stores(again, more sales and cash).
All this excludes the possibility of a carl Icahn guy coming in and buying up another 8% of this company taking us immediately to 90 or so as short covering would ensue en masse and it would be out of the gate. JUST HAVE PATIENCE! This is what REAL Investing it is. It isn;t shiny lights, action all the time. It is paying $1 and waiting to sell it for 3 or 4 if not more(more for me).