This valuation is ridiculous. Company made 89.5M in cash in 2012. Company makes 152M in cash in 2013 with sheepskin only being lower by 11% over 2012 and UGG PURE only being integrated 10% and having a barely noticeable effect on the bottom line.
That is a tremendous amount of cash....that is not to be overlooked. It is ridiculous that we sold off after that earnings despite these so called bs calls of "poor guidance". In case anybody didn;t realize, management is calling for growth of 10% increase in revenues despite this amazing winter we have had this year. That is phenomenally huge.
Cash should grow this year due to UGG PURE being 25% integrated, and sheepskin being lower 10% over 2013 levels. This valuation is just absurd. Absurd I tell you! lol
We beat EPS estimates by 25 cents without any help from buying back shares. If we do buyback shares this quarter, loss should be much less than expected along with the added bonus of cold weather lasting this long.