Top 99%
I like CROX for a short term play. The short float is over 40% and there can't be many more shares available for shorting. Now that it fell to under $5 It is a good value play and when the market realizes that it is no longer a short play the price will run up as people buy to cover. I like a target price of $8 buy the end of the Year. Does anybody else have any thoughts on CROX?
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Top 1%
guliamo
Aug 09 at 3:12 ET
Hi Lucky,
All due respect to technical buying.. one must consider that the crocs story is over.. what remains is a costly clean up job - stores must be closed, employees fired, money "re-assigned" to management pockets. Whatever the chart or short interest is saying, I don't see CROX ever coming back..
Top 91%
StockShark
Aug 10 at 3:40 ET
I don't think CROX will disappear, but they certainly aren't going to see a stock price of 75$ again. That said, I think the stock can climb back up as far as 10$, but I'm going to wait a little longer to see which way the wind blows before deciding whether to jump on board.
Top 1%
guliamo
Aug 10 at 4:35 ET
Unless they come up with something more than an out of style rubber slipper, they are doomed.. what are they going to do with all the retail spaces they bought? a big store full of rubber.. i don't see it happening.. I would stay away..
Top 99%
LuckyStrike
Aug 10 at 1:37 ET
I agree it will never go back to $75. could go back to $10 in year. There revenue is still good and overseas has growth left. They have expanded there line of shoes and lot of them are not just rubber shoes they are using more traditonal materials and incorporating them in with their Corlsite material in the sole. Their cost got out of control because they thought revenues would keep growing like they were. As for their retail stores I think they are a bad idea. They don't have the brand name for it like AAPL does. They would do better in regular shoe stores where there is good foot traffic and poeple will see them and look at them just because they are diferent. I do like the fact that they are making niche shoes like there new boating shoe and partnering up with Disney to market to kids.
This gives them enough of a story to go forward. and by just cutting cost they could be a fairly profitable company. Long term their management is too inexperinced to manage it well but I see it way under valued with little downside risk and due to the large short interest and good chance to run back up to $7 or $8 very quickly as people buy to cover and find better company to short.
Top 4%
770allboz
Aug 12 at 10:55 ET
I agree I believe this is a shaky company but the stock should rise to around the 7-9 dollar range. They have diversified recently with the boat shoes, cell phone holders etc. I however am alos going to wait just a little longer before investing.
Top 1%
blacktuna
Aug 12 at 11:35 ET
Why are we beating up on a dead body again?