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The bloodletting in Crocs (CROX -37.8%) continues unabated following its Q3 warning. Analyst...

The bloodletting in Crocs (CROX -37.8%) continues unabated following its Q3 warning. Analyst Brian Sozzi thinks the warning could suggest an inventory glut, as well as growing competition from the likes of NKE, GCO, and FL. Some other names trading lower on the news: DSW -2.6%. LULU -4%. WWW -2.2%.
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Comments (1)
  • pswms
    , contributor
    Comment (1) | Send Message
     
    I think this is a typical reaction to bad news from Crocs. It falls further and recovers better than almost anything on the market.
    18 Oct 2011, 01:05 PM Reply Like
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