[/QUOTE] correct. i think shorting this thing has been one of the most stylish thing to do for many hedge funds out there.. the cover will be pretty.
Family portfolio extremely short CROX (in a pair of course)... because it has run from $10 to $70 with like a 20 Price to Book, and a 40 P/E. Nice to see a little "reality" in the stupid thing, LOL. Back in the black for the year, yea, LOL. Don
The CROX "story" was just such a CROCK....everyone knew it, but the hedgies just love to throw their weight around and slam the short sellers. Big game.
What is so wrong with their story? Earnings growing 30-40% and they have so much demand they are having a hard time keeping up? Hardly a dismal earnings report...what the MMs did is sell the stock to the public all the way up and take the floor out after the release, thus pocketing $25 a share for themselves.
CROX is a one-trick pony and demand is starting to dry up in the face of increasing competition from knock offs and changing consumer tastes. I see this company going to $20 by next year.
Isn't winter going to be devestating to Crox? No one is going to buy exposed plastic shoes in the winter. How on earth are they going to report growth to justify the stock price with a seasonal fad?
winn dixie has the knock off for 8 bones....and they are exactly the same with the exception of the name...theirs has no name....
Not at all...go to their website.. http://shop.crocs.com/pc-440-4-mamm...=41p&subsectionname=footwear§ion=products This shoe is so comfortable that your feet will thank you. Plus, it is Amazon's #1 seller.
I think you are wrong here but we will see over time. Things have never been better for the company and now that they are expanding their product line, they are here to stay. Nobody has come close in copying their shoes.