Angel Martinez wasn't kidding about new product lines. For those who have not liked UGG Australia on Facebook yet, you should do so. Everyday company keeps showing new product styles, for example todays was a black military style boot. The feedback in the comments section was fantastic. In 5 hours, as of the time of this post, it was already liked by more than 1200 people.
I said it at 990M valuation(the lows) set 11 months ago this company is a MONSTER BRAND(UGGS) trading at a valuation one would never think one would get a worldwide popular brand. Now it is more than double off the lows and still so cheap compared to what this company is going to be producing in earnings results in 2-3 years from now with the UGG STORE growth, UGG PURE, and as ANGEL Martinez, CEO, has stated, better product as a result of UGG PURE and newer lines.
So not only at this ridiculously cheap valuation for one of the handulf of retial companies ACTUALLY growing does one get a great price, but again, it is astonishing how nobody has bought this stock out in the last 80 weeks. Just boggles my mind. If I was VFC, or even COACH which is now starting to get smacked big time by Michael Kors, picking up the UGG brand would have helped those companies tremendously.
At the same time, it is my fortune that these guys didn;t make a move yet.