wolfdog

Skechers: Ignoring Obvious Value

Well, I thought I was writing about SKX but all the posts thus far have sparked very emotional responses about CROX!! It kind of reminds me of another crash and burn stock, Krispy Kreme (KKD) where advocates got caught up in the notion of everyone in the country eating a dozen donuts every morning..........all I know about CROX is the earnings expectations have imploded and sales growth is negative so there must be some issue with the sustainability of demand for the product? That said, it is a very statistically cheap stock in here so maybe the bulls are right and international will be the company's salvation. But products like Crocs have very little intellectual property and low barriers to competition, and that plus the fickleness of consumer tastes is what causes me to put the company in the "fad" category.