Crox Could Rise on Piper's Inventory Comments [View article]
FROM ANOTHER SEEKING ALPHA ARTICLE ON CROX (WE GOT 2 TODAY!!!)
"At the current price, CROX certainly seems to be a bargain, but investors should be cautious about current sentiment as that may have more bearing on the stock price than fundamental earnings for now." ----------------------... You answered your own question and crystallized why the stock is dead: perception. You may get a 15x PE but no way the stock's PE will match its EPS growth rate. Say it gets up to 25x 09 numbers. and say the St is right -- likely they wrong. If CROX earns $3/sh in 09, and 25x * $3/sh = $75 stock price. Do you honestly see CROX going from 20 to 75?
I think not. As someone just emailed me, "CROX is tainted"
Mgmt will likely hire a Tier 1 in 2H 08 and stop the bleeding before the St pumps em full of more bullets.
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FROM ANOTHER SEEKING ALPHA ARTICLE ON CROX (WE GOT 2 TODAY!!!)
Mar 19 19:15 pm
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All Comments by Dan Jacome »Crox Could Rise on Piper's Inventory Comments [View article]
"At the current price, CROX certainly seems to be a bargain, but investors should be cautious about current sentiment as that may have more bearing on the stock price than fundamental earnings for now."
----------------------...
You answered your own question and crystallized why the stock is dead: perception. You may get a 15x PE but no way the stock's PE will match its EPS growth rate. Say it gets up to 25x 09 numbers. and say the St is right -- likely they wrong. If CROX earns $3/sh in 09, and 25x * $3/sh = $75 stock price. Do you honestly see CROX going from 20 to 75?
I think not. As someone just emailed me, "CROX is tainted"
Mgmt will likely hire a Tier 1 in 2H 08 and stop the bleeding before the St pumps em full of more bullets.