Questions About Executive Payout From Crocs IPO (CROX)

| About: Crocs, Inc. (CROX)

Asensio is not impressed with Crocs, Inc. (CROX). They claim that in the recent IPO of 11.4 million shares, 6.4 million shares were sold by insiders. The insiders had recently purchased shares for about $0.11. The IPO was priced at $21.00.

The intervening time frame is insanely small. There also seem to be many questions about how Crocs will deal with hyper competition from cheap brands. Also, management claims about proprietary technology are being closely questioned.

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Tagged: , Textile - Apparel Footwear & Accessories
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