Tag: Crocs

Reading Time: 2 minutes By now it’s no secret that CROX stock failed. After it issued horrendous 2Q 08 preliminary results and full year guidance yesterday afternoon (refer to MarketWatch for more details). I don’t want to dive into the numbers and add salt to injury. I traded the stock last year until this Feb. when I realized it

July 25, 2008

Reading Time: 2 minutes It’s the NBA playoffs season again, and I watched the two games between Phoenix Sun and San Antonio Spur lately. As you may know, I am a big fan of Phoenix Sun/Nash. But they disappointed me again this year: they lost 2 games in a row. The main reason is that Phoenix is pretty much

April 24, 2008

Reading Time: 2 minutes Crocs (CROX) lowered its Q1 number yesterday. I sold all my CROX shares a while back after its Q4 earning announcement, because I thought the fundamental is still bad, not to mention the potential cash flow problem I talked earlier. Since I am talking about the financial media lately, I think one really does not

April 15, 2008

Reading Time: 2 minutes I sold the remaing few CROX shares today. Not because I was scared of the bad news from mortgage and banking industries, and general worsening US economy. It’s because I think the Crocs story is over, for now. Lessons learned (this is related to my previous Stock Lessons series…) 1) When someone claims some new

March 7, 2008

Reading Time: < 1 minute 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

March 3, 2008

Reading Time: < 1 minute 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

February 23, 2008

Reading Time: < 1 minute 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

February 20, 2008

Reading Time: < 1 minute To be fair, Crocs reported a good quarter for Q4 2007. But, the outlook did not please the street, let me quote Reuters: The company based in Niwot, Colorado, whose vibrantly colored shoes, clogs and boots have become a fad in recent years, also backed its 2008 profit outlook of $2.70 and revenue view of

February 19, 2008

Reading Time: < 1 minute 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,

February 15, 2008

Reading Time: < 1 minute 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

February 9, 2008
Follow Us
Google Ads
Recent Comments
Recent Posts