The company reduced inventory from $363.5M at 12/31 to $212M at 3/31. Outstanding job!Generate $150M in op cash from great inventory mgt and you accomplish great things:1. Pay off all your debt in a single qtr. and renegotiate your credit agreement in its entirety.2. Announce up to $50M in share repurchases. This is ~4M shares. About 10% of total shares but more importantly, 20% of the float. Way to attack the shorts.3. Eliminate obsolesence risk from excess inventory.Cash is king and HGG generated massive cash last qtr.
pre market trading at 14.39