Crocs released 10K year 2007

Here is some interesting stuff I read (auditor’s opinion): “We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated financial statements as of and for the year ended December 31, 2007 of the Company and our report dated February 29, 2008 expressed an unqualified opinion […]

Two strikes on CROX

Last two quarter earning report has dragged Crocs stock from $75 to around $25. Many analysts, bloggers, pundits, pretty-much-everybody-wears-shoes (and consequently knows the shoe business) think the stock price is reasonable now. That is, assume Crocs can unload its massive $250 million inventory successfully. By success I mean they did not give it away to […]

CROX: bull case, bear case

I decided to take some CROX off the table. Too much controversials on the stock after yesterday’s earning report. Here are some of the bull case and bear case. Bull case Management is optimistic on the international expansion, and new products (jibbitz, Bite, OceanMind etc.), but which company’s management is not bullish on their company’s […]

Things to look for Crocs earning Feb 19

Crocs scheduled the Q4 2007 earning report on Feb 19. Couple things I anticipated and will pay attention to: 1) I don’t think this will be a strong quarter due to seasonality: it’s winter in Europe and Japan, and in winter they don’t wear Crocs as the American do. 2) Inventory: if the 1) holds, […]

Close AMZN puts, Portfolio update

I closed the Amazon Feb $65 puts last Wed, when I saw the stock dropped to around $68, which is the low point the day after it released Q4 earning. Lesson learned: 1) short/put a stock is much harder than I thought. I started this trade because I saw EDU, AAPL, and VMW all dropped […]