"1) CROX is dead: someone out there knows something, otherwise the stock wouldn't be trading at such a low PEG ratio; also don't expect a pop unless sales pick up drastically and as we all know, they are DECELERATING....."
Today -- CROX - 30% in after hrs on nasty guidance, we expected nothing less from arguably the creepiest management in the footwear space
1) CROX is dead: someone out there knows something, otherwise the stock wouldn't be trading at such a low PEG ratio; also don't expect a pop unless sales pick up drastically and as we all know, they are DECELERATING.
2) The other point is that when pessimism is this high, it tends to demarcate a bottoming in the markets; consumer confidence is at a 5Y low, and hopefully you guys can pull up some data from past CC levels and point out what the markets did afterward......
Short Interest at Record Levels [View article]
March 30th we said:
"1) CROX is dead: someone out there knows something, otherwise the stock wouldn't be trading at such a low PEG ratio; also don't expect a pop unless sales pick up drastically and as we all know, they are DECELERATING....."
Today -- CROX - 30% in after hrs on nasty guidance, we expected nothing less from arguably the creepiest management in the footwear space
Short Interest at Record Levels [View article]
2) The other point is that when pessimism is this high, it tends to demarcate a bottoming in the markets; consumer confidence is at a 5Y low, and hopefully you guys can pull up some data from past CC levels and point out what the markets did afterward......