+ Watch CROX
on My Watchlist
The Company designs, manufactures and markets footwear for men, women and children under the crocs brand.
I simply like the product. The most comfortable shoes I have ever stepped into. The stock has sound fundamentals. If they can get the word out that they have more styles than the original crocs, I think many people would be more likely to try a pair on... and possibly wear them in public.
S&P has fair market calculation at 19.60 October 29, 2013. I think their buy back of shares will enhance their earnings along with increased Asian and European markets.
CROX has some great attributes. I looked for companies with a similar profile, and the company I think has the closest profile is Sketchers - SKX is trading near 52 week highs while CROX is near its 52 week low; meanwhile, some of SKX's most important (IMHO) numbers aren't even close to CROX (profit margin, current ratio, PE, PEG, and ROAA).In Q2 CROX had a net profit margin of almost 10%, one of the lowest PEs in the industry, very little debt, a current ratio near 4, and better than average P2B and P2S.CROX issued an updated financial outlook on Sept. 10, stating they expect $.05 less per share earnings than earlier stated. Disappointing expectations were already built into the price, as they saw a $3 per share drop on July 25 because of earnings and outlook (as discussed by Brian Pacampara in "Why Crocs Shares Got Crushed" - http://www.fool.com/investing/general/2013/07/25/why-crocs-shares-got-crushed.aspx). They've been between $13 and $14 per share for most of the time since then.I'm optimistic about CROX. Investors are running for the hills, but I think they've got a unique product, and are well suited to re-establish their brand and value. Their numbers also indicate they're a well-run company, and I think there's a very good chance we'll see price go back above $16 - doing the math, that's a return opportunity of nearly 18%. In the long term, I'll say that it wasn't that long ago that CROX was trading in the 20s. If they can manage to produce a great product line and get consistent earnings, CROX seems like a good long term investment.
Operations support peer-like profitability while valuation suffers. The stock is punished on currency issues in Japan (dollar-nominated sales dropped) while new countries are added to the list. Seasonal, good momentum to buy in. 12.
Sales are increasing Crocs http://investing.money.msn.com/investments/financial-results/?symbol=CROX End ASAP 15x PE = $17
Spurned by the market and with a unique foundation for a product many people love in its proprietary resins, this stock ought to outperform over time.
it is studdering to get on track
I thought about going long due to recent price drop, but did not want to hold a stock that makes summer shoes for a fall and winter earnings quarters. Also, my teenage daughters have told me that I am the last dad in the universe that still wears Crocs. They adamantly refuse go out in public with me if I try and wear my 5 year old Crocs (despite my insistence that they are still super cool shoes). The stock has not participated much in the recent very strong 4 day rally – even with articles suggesting it as a value play. I think there will be has another leg down before it hits bottom.
Patent tech with new product lines. Under-appreciated due to current brand association with ugly clogs.
Given the beaten down shares and solid financial position of this company, hard to not be a fan. Understand that popularity of their brand of shoes has gone down, but do we all think the company is not working to expand revenue streams or boost sales? I think buyers now will be very happy in 3-5 years. I'm walking away with CROX!
Graham Number - http://wiki.fool.com/The_Graham_Number My Graham Number Valuation Range or (GNVR): $14.17 to $14.98
Low P/E. Low, Low Debt/Equity. Hated stock. Contrarian value. Good ROI.
I went to their web site for research and ended up buying some boat shoes.
Low Valuation - lots of cash in hand.
I shorted Crox in Caps (perhaps my only short ever) when it was at sky high valuations and yet growth prospects were waning. But now after the last walloping the stock took it looks sufficiently cheap enough to think it will outperform. Plus the business doesn't seem to be doing too badly. So I'm voting that investors have overreacted.
22% plunge today:When the market zigs, I zag
Market Overreaction. Strong balance sheet
"Interesting Moves at Crocs" (Fool video) By Matt Thalman http://www.fool.com/investing/general/2013/07/11/interesting-moves-at-crocs.aspx
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