CROX hit another all-time high today at $37.60. I have taken some abuse for adding the stock to my portfolio. No idea why – it is just a stock. My stop is a long way down so this stock should be in my portfolio for a while and the fast profit could easily become a long-term loss. I am very interested to see how they execute on what is a seriously wicked product and brand.
The catayst that made this STOCK stand out for me was the private label upside. Today, Investor’s Business Daily pimped the stock – focusing on the CROX license deals with Disney and Universal. I would say that this pretty much firms up another 100 plus deals for the company over the next 12-24 months. Just the Disney deal is serious distribution that footwear companies would kill for.
In the meantime, the abuse from non-believers is generally a good sign.
After I wrote the post, Fred sent me this link to a Motley Fool article by Tim Beyers – entitled “Why I’m Short Crocs”.
From the title, it is not a stretch to assume that Tim is short CROX. NOT!
Here is the MOTLEY disclaimer after the flame report:
Fool contributor Tim Beyers has 32 picks in his CAPS portfolio, including Gateway (NYSE: GTW), which he believes is a wonderful short candidate. Think he’s wrong? Get in the game and add your own rating.Tim didn’t own shares of any of the companies mentioned in this story at the time of publication. Get the skinny on all of Tim’s stock holdings by checking his Fool profile. Deckers Outdoor is a Motley Fool Hidden Gems recommendation. The Motley Fool’s disclosure policy always beats the average.
I speak pretty good english and I don’t have a f@$%#inck clue what Tim is up to. Not to pick on the guy, but what credibility could this guy have with a shouting headline “SHORT”, but no position. I think Tim Beyers owes his readers an update down almost 40 percent (FOURTY PERCENT) in just a short period of time.
Pretty wreckless behavior.
Disclosure – Long CROX
Saw the CROX’s in a major retailer. Seemed to be moving pretty well. Good call!
“Tim didn’t own shares of any of the companies mentioned in this story at the time of publication.”
I am new to this..but if one shorts a stock..is it not a true statement that one does not own it. So if Tim’s article is about shorting would he ever “own shares of any companies mentioned”? And if not why would they put this garbage in there.
I mean if Tim shorts stocks how can I “Get the skinny on all of Tim’s stock holdings” when he is not actually “holding” any stocks. Yeah I want to give my money to guys who cannot even get there disclaimers right.
I am with you HL, pretty lame. WAR Wallstrip.
of course you should not give me money cuz I can’t get “There” and “their” right.
Ok. So, what past the ugly rubber shoe deals, is next for them? (I mean hell, make money off of whatever you want, I just don’t see it.)
Be careful you don’t turn into me with the posting pictures of your shoes thing. ;p
dont think so much candixe. the smartest guys dont so so well in the market. Dumb it down to make some green
Fair enough. I don’t have enough money yet to play for real anyway. Gimme a few years.
All I know is that CROX don’t stay too long in the retailers. Howard may like to wear them, but they AIN’T my style. I am with you Candice. Sorry Howard!
But, if they sell, no matter what it looks, smells, feels, IS like, that is all that matters!!! It is all about the green stuff.