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Goldman Sachs maintains its Buy rating on Crocs (CROX +4.4%) following the retailer's solid Q4...

Goldman Sachs maintains its Buy rating on Crocs (CROX +4.4%) following the retailer's solid Q4 report. The firm thinks the spring season could be positive for the company with its track record of good execution during the period.
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  • TVincent
    , contributor
    Comments (16) | Send Message
     
    Crocs CEO discussed how they now feel they are in the right position to increase marketing expenses by 33% in 2013. This should bode well. They are well diversified geographically with impressive growing sales overseas, they have plenty of cash in the bank, already great margins improved further over this last quarter, they have added more stores and they have a new spring line that should do very well. In short, this company is positioned for good things. Given their outstanding balance sheet, global reach, high margins, efficient operations, and low stock price, they could also make a fine acquisition in the next few years. This is why I am long Crocs.
    21 Feb 2013, 11:43 AM Reply Like
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