July 28, 2011
If you have been a longtime reader, you will remember that there was a time that we were adamant about the inevitable fall of Croc’s (CROX). That was back in 2007-2008. At that time, Croc’s was a “fashion” trend and it seemed that everyone was wearing those bright colored clunker rubber shoes. We looked at the data, studies the trend and found the stock to be just as unappealing as the shoes were.
Here are a few examples:
- 8/2007 -Crocs Makes A Great Toilet Seat
- 8/2007 – Crocs – Riding The RollerCoaster
- 7/2007 – Don’t Get Caught With Your Croc’s Down
- 6/2007 – Crocs, The Emperors New Shoes
Fast forward a few years, after the stock went from a high of close to $70, Read more
May 27, 2011
Here is our latest conversation …. new insights for anyone who invests in anything. This week we highlight a discussion about shoes, commodities and a few points to watch for in the current market conditions.
This week we may see the end of the run up. A few stocks discussed along with one to look at Read more
June 18, 2007
If I were the CEO and Director of Crocs (CROX) this is the letter I think I would write to all of my shareholders:
I was so happy for all of the directors and shareholders as I have seen so many making millions as the share price of Crocs moved up. Actually, as a group we, the insiders were able to sell $258,892,051 of shares over the last 12 months. On behalf of the following friends I would like to say a big, big thanks you to all of you who have propelled the stock price higher during the past 30 days:
Here is the amount of money these people have realized due to the sale of shares during the past 12 months:
Recently, a total of $66,790,316 has been sold by this group. That really is terrific! Sure, insider-sales have picked up, but it is not because we feel that the stock has topped out. Rather, it is because we feel that we should be prudent and diversify our positions. We all met with a local financial planner and he feels it is best for us to put the monies into a diversified portfolio of mutual funds rather than have all of our money tied up in a single stock. Think about it, even though we will be paying a large tax on the profits, it really does make sense!
Now, let me clear up a few concerns. There are several insiders who have taken down their position in the stock and some who have actually sold the majority of their total position. These decisions were not because the stock is too high or that they were concerned about the company. It was a simple result of dollars and cents. They had mortgages and credit card bills they needed to pay. They felt that since they are in a tax bracket, which will no longer afford them the opportunity to deduct these expenses on their tax returns that they would rather pay them off from the proceeds. Good news! Their debt has been eliminated which really takes a great load off of their shoulders. Once again, thanks!
As for me, I still support the stock. I see no reason why it cannot double from here. I am feeling generous and want to give back to those who have helped me….With all of the supporters and bulls looking for shares to go to $150, I want to make sure there are plenty of shares available for those who have not yet been able to capitalize. So selling a large portion of my shares is merely an altruistic move to allow these that do not have shares the ability to now have access at these inflated prices. Why should I be so greedy? Since I have sold about 600,000 shares and now have a smaller position (234,243 shares held directly) I fell much better that I have allowed others to enter the “Crox Club”. Now there are 600,000 more shares available for others to buy. I really feel good about this.
So, once again, thank you for the support. My family and I really appreciate it and even though the directors that sold have a much smaller position in the company, we will do our best to continually help create shareholder value. (this includes those directors that sold all of their direct positions)
Andrew “Crox” Horowitz, Wannabee-PCEO (Pretend CEO)
Poll Question: Is Crocs Correctly Valued?
(Disclosures: VERY SHORT)
June 13, 2007
The CROXcast. Crocs and eBay Short Idea Discussed. CNBC Challenge Cheaters. Listener questions answered.
It has been a long weekend of comments on the blog site for The Disciplined Investor. My analysis and comments on CROX seemed to have hit a nerve. In this Podcast, we discuss many of the comments and dig into the phenomena.
Clips from thestreet.com Cramer lovs Crox, ihatecrocs.com, wallstrip.com and technical traders, utube videos on Crocs and Dorcs are heard here too!
Read recent SEC documents on Insider Trades…Get a calculator and add up the shares sold by the Director of the Board:
Look at Previous Sales Activity…(see chart below) Read more
June 19, 2013
The market continues to waffle as the next move in the shorter term trend has yet to be determined. However, sectors rotate, industries become out of favor and opportunities arise from these changes.
Using TriggerPoint Research’s proprietary algorithm we have identified some of those stocks with the potential to breakdown. While they have not quite hit that point, these stocks are on our watch-list for a TPR Equity ALERT!
Please see important risk disclosures before acting on this ALERT!
Link to this article: http://wp.me/p2bhUt-1n7