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Hedgeye isn't going easy on the sell-side of the Street this morning, noting nary an analyst had...

Hedgeye isn't going easy on the sell-side of the Street this morning, noting nary an analyst had a Sell rating on Crocs (CROX -21.2%) in front of its Q2 earnings bomb. Goldman Sachs had the most outlandish take on the retailer, calling for a healthy beat. Sterne Agee's Sam Poser deserves a little credit though for taking Crocs execs to task during the earnings call for the firm's overly optimistic guidance. (transcript)
Comments (4)
  • Clayton Rulli
    , contributor
    Comments (2860) | Send Message
     
    Will this situation repeat with Linn Energy?
    25 Jul 2013, 11:27 AM Reply Like
  • markcc
    , contributor
    Comments (1322) | Send Message
     
    Clayton, CROX has $290 million in Cash, no debt, NOT acquiring others, 53-58% gross margins, solidly profitable, is Opening its own stores to control the distribution channels, will still earn around $1.10-1.25 per share this year, making it sell at a paltry 11 times earnings after yesterdays decline. During the call yesterday, I felt that management did an aweful job of explaining the shortfall. Blaming a lot of it on the Yen and lowered translations to the dollar seemed to indicate a lack of attention to local pricing. I don't see ant parallels with Linn. Do you?
    25 Jul 2013, 11:44 AM Reply Like
  • al roman
    , contributor
    Comments (9252) | Send Message
     
    I guess Hdegeye is looking at those rates,like watching for Hurricane season.
    25 Jul 2013, 11:35 AM Reply Like
  • rmanjra50
    , contributor
    Comment (1) | Send Message
     
    I do not think the Crox's financials were that bad to warrant the stocks to drop $3.38 price drop. Anyway, I am the buyer at this price. This is temporary reaction of the market. In my opinion, anybody buying now will be making a great deal of money.
    25 Jul 2013, 01:24 PM Reply Like
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