1) I'm not in CROX ... Been there, done that ... Haven't touched it for maybe 6 months. 2) I know they are an ugly sandal company fad with too much inventory. 3) BUT... At 12.50, 08 earnings of 1.70, thats a forward PE for FY08 of 7.35. Lets say they really bomb 09, and deliver .85 for entire FY09. Its still a 15 PE stock. So my question: 1) Is the street really pricing in a loss, or even a reversion to FY06 #s ($.87) for FY09 FY10 due to way these fads work? Looks like the stock price has always been ahead of the what the company has guided - tells me the channel check efficiency on the parties that trade this must be running quite nicely.