It does not matter what the cash flow is, or the cash on the books, or even the next ER as long as it is not a bigger loss than expected. This thing normally has a little run into MAY, then it falls in JUN, regains in JUL only to fall again at the ER, and then it regroups and climbs again in the fall/winter. This is dead money for the next 6 months outside the options premium. So basically this is going to keep moving between 76 and 82. Simple move is to buy at the dip and let it roll. The one thing about this stock is that it is basically a one trick pony...a warm winter and this is toast - does not matter how management tries to sell it - UGGS will still sell, but sales will be lighter.
You're just wrong. Cash flow DOES matter, cash on hand DOES matter. One SEASON of warm weather has already proven to not make this company TOAST as you put it as this company went through two consecutive warm winters.....and look at us now, record revenues and growing.
At this point, the market should REALIZE that the risk for next year is low as management is projecting double digit growth so in a worst case scenario, compay makes same cash flow(137M+) it did this year as well as similar earnings. Best case company crushes expectations(likely) and makes way more.
Stock is trading at a bargain as UGGS is too strong a brand.