Tag: Crocs

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Stocks

Baby thrown out of bath tub

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These days it’s not easy for investors who hold US stocks, because the market has been in declining mode after the sub-prime woes. Do you still remember the DOW 14,000? That was July 19, as I wrote a post “IS Dow 14000 relevant“. Well, relevant or not, the Dow has retreated and it’s now under 13,000.

As individual investors we can not precict the market, nor should we fight against the market. But as general market declines, usually there are some good stocks go on sale. For examples, the Crocs (CROX) and Mindray (MR). Both companies reported good earnings, got a pop, and now went back to the pre-earning price. Some possible explanations: CROX got dragged down by the weak US consumer sentiment, Heelys HLYS’ crash; for Mindray, I really could not find a good reason other than short term investors move money to WuXi Pharma Tech (WX). Both companies (CROX and MR) had some insider sell activities too.

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Fun

Faked iPod Nano

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I found this knock off iPod Nano at Taobao, Mr. Ma Yun’s company. Note his big baby Alibaba is preparing for the IPO in Hongkong later this year.

It appears to me this “grey market iPod” looks very much like the real one; and it has its own market, because fashion-chasing teenagers in China want the iPod feeling without breaking their wallet. The asking price is 460 Yuan, note the real iPod nano is about 1,800 Yuan.

I know some of you (Apple shareholders) will not feel happy. Now you can understand how I felt when I saw people buying or wearing knockoff Crocs, as I’m a CROX shareholder 🙂

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Stocks

Crocs newest addition

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I read it from the Forbes, Crocs bought Bite Footwear. I checked out Bite’s web site, it looks they make sports sandals, which reminds me of the “Keen” branded outdoor sandals sold in Dick’s Sporting Good. Don’t know if they are comfortable or not, but the Keens are not cheap.

One interesting thing I saw is this running shoes. I don’t know if Nike will come up similar things or not.

Bite Shoes running

Besides selling more Crocs in China (and other international market), Crocs needs the diversification of products to keep growing. It appears to me the “jibbitz” buy already brought some fruits. This “Bite Footwear” buy seems better than OceanMinded buy earlier this year, as “Bite” appeals to a wider crowd.

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China Fun

iPod and Crocs in Shanghai

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Got back to Shanghai in the weekend; my limit observations in past 2 days suggest those two are hot besides the weather. Don’t run and buy stocks solely based on this.

Crocs: I saw people wearing Crocs near Zhongshan Park, at Hongqiao Parkson Shopping Mall and Jinjiang Chef (restaurant). Today my co-worker told me this thing was selling very well in the mall. I saw a guy wearing red crocs while riding motor cycle; and girl wearing Jibbitz too.

Apple iPod: by now probablly everyone in the US (who can get iPod) already got one (hint: yours truely also got one). But in China this iPod trend is in the early innings. Mac is also sold here. Maybe the iPhone will follow after everyone in the US got one?

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Stocks

A good quarter from CROX

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Here is the results (details from business wire). I will add more after listening to its conference call.

— Second Quarter Revenues Increased 162% to $224.3 Million vs. $85.6 Million Last Year (analyst expected 188.49 to 204.20)

– Company Reports 2Q07 Diluted EPS of $0.58 vs. $0.19 Last Year- (analyst est. 0.40 to 0.48)

— Company Issues 3Q07 Guidance of Revenues between $240 and $250 Million and Diluted EPS of $0.58 to $0.62 –

— Company Raises FY07 Guidance to Revenues of $810 to $820 Million and Diluted EPS of $1.89 to $1.93 –

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Business

The Growth of Crocs

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1) International: no secret here, as you can count the stores (more stores in India than China), from their web site www.crocs.com (international). The trick here is they expanded internationally at much early stage compared to Nike, etc., considering they are just a few years old. We can attribute partly to the globalization of economy and branding.

CROX_intl

Keep in mind both CEO Ron Snyder and CFO Peter Case have significant international experience before joining Crocs. I think this is more relevant than just paying attention to their stock sales. As long as they can make me (shareholder) money, do I care how much money they make?

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Saint Louis Stocks

Heelys is NOT going away

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Just went back from Chesterfield Mall, saw Heelys at predominant locations at “Finish Line” (the discount sporting shoes store), and TradeHome, a boutique shoes store which also sells Crocs, Keen, Merrel and Teva. The Journeys also kept the Heelys, also I saw they cut the price on one model.

Yes, Heelys (HLYS) is a broken story in terms of stock, because its lower than expected estimated growth and its mis-steps in its secondary offering. Its management expects the growth to be 20% (vs. past year’s couple hundreds). But, it’s not a broken company at least in the near term. I saw kids skating on Heelys from time to time.

Separately, I saw Dillard’s has some Cayman (Beach, the original) Crocs on sales, note the size is not complete. I bought a pair for $13.99.

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Fun

Crocs 2.0

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The following is a promotional video for Crocs @ YouTube (the video is family and office friendly).

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Fun

Deal at Shoebuy: 20% off

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Follow this link to get 20% off at shoebuy.com, I believe it does not have restrictions on the type of shoes (hint: Crocs) you can buy. This is not an affiliate link (a.k.a., I am not receiving any referral fee from this).

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Business Fun

More about Nike NKE

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I wrote about Nike (NKE) a while ago during NBA finals. I joked about Nike is the loser in this NBA finals because their super star James’ team lost. Obviously in the real world Nike is doing very well, especially internationally (Europe and Asia, specificialy China). Here is their quarterly report. This is not surpising consider my mom, who is not into fashions or sports, asked me “buy a pair of Nike shoes” for my 12 years old niece. Note when she talked about the Nike shoes, she was referring to the shoes in sneakers category. Just like when people talked about “google something”, they are referring to “search something on the web”.

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