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Mon Oct 15th 23:21 PM | Rating: 0 0
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Is Crocs Doomed For Failure?

Well, are you still holding that short position? Crox closed over $70 today. They will absolutely destroy 3rd quarter estimates of 63 cents. Probably closer to 81 cents. Revenue will also be up over 200%. Those two numbers are the fuel for the price explosion upwards. The match that will light the fuel will be the raised guidance for the 4th quarter. Right now the estimate is 47 cents- this is a joke! Ron Snyder will probably give raised guidance of 65 cents and the stock will explode. But the stock will continue to rise all the way through to the earnings announcement for the 4th quarter because the results will be more like 77 cents(EPS). Please save your money and cover your short position now at $70 before you have to cover at $80, $90, or $100.
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