As of 12/9/2011, CROX closed @ 16.03 and we own 600 shares (bought @ 25)
CROX value is $9618 and cash in this account is $2424 =
Balance in the account of $12,042
Profit $2,042 is a profit of 20.4% since January 2011.
Our plan is to continue holding the shares of this fundamentally strong company with good potential for growth.
Technically, the long-term charts show the price to have hit support around this area with forecast to rise above its 52-week high of 32.47.
Message From YODA:
It has been disappointing not to see CROX stock recover from slightly missing their guidance in the 3rd quarter of 2011. It would appear that almost any company (and investor) would be ecstatic seeing increasing sales and profit of 28%. Perhaps many investors and analysts are still of the opinion Crocs is still a one style clog that is a fad slowly disappearing. Actually, I don't feel Crocs is even a shoe company…….but rather a “comfort company” providing the ultimate foot massage while strolling along the streets or standing.
Crocs have a strong global play, with an excellent balance sheet, no debt and an experience management team executing aggressively to a guidance of 30 – 31% growth. In 2011 sales will be close to a billion $’s and EPS of approximately $1.25.
Yoda….the “Croxaholic”
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