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CROX: bull case, bear case

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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 growth prospect?

Analysts fell the valuation is more attractive now, mostly from PE, 2008/9 growth rate point of the view.

Bear case
Revenue sequentially decline: Q4 2007 vs. Q3 2007 ($224 m vs. $256 m), this is reverse of trend compared to 06. Crocs out of fashion in the US?

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