Crocs news pushes up shoe stocks


Shares of Crocs (CROX +17.9%) trade at their highest level since July after the company says it will get back to buying back shares after working out a $350M investment from Blackstone.

Sterne Agee thinks the retailer still has more house cleaning to do. Analyst Sam Poser says Chairman of the Board Tom Smach and two members of the management team who were also Felxtronics alums need to be axed.

Other shoe stocks are trading higher off the Crocs news: DECK +1.4%, WWW +1.7%, SHOO +1.7%, SKX +1.1%.

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Comments (1)
  • markcc
    , contributor
    Comments (2719) | Send Message
     
    When you drop the Chairman, you have to drop the guys he brought in. Done deal. Things will be better soon.
    30 Dec 2013, 11:48 AM Reply Like
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