850M + at managements disposal in 485 days from now
This for a company that was somehow valued at 990M in the last 2.5 years during the sell-off because of a rise in sheepskin costs which have now been mitigated by UGG PURE and 20% decline in sheepskin costs from the high.
Yet, this company is only being valued at 3.2B. What a JOKE!
For those completely abysmal at math, that comes out to 850M/34.6M = $25/share in cash. Mind you I am including the 300M credit facility available to us. But $25/share based on current stock valuation is about 28% of current stock valuation.
Stock is ridiculously undervalued. Welcome to value investing.