S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

Put Crocs (CROX) On The Block

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

CrocsCrocs (CROX) Crocs may actually be moving into the stage where its price and market cap are so low that it could become a takeover target. After announcing awful quarterly numbers and a weak forecast, shares in the company have fallen to $4.38 down from their 52-week high of $75.21.

Crocs said it expects its second quarter 2008 revenue to be in the approximate range of $218 million to $223 million and expects diluted earnings per share in the range of $0.03 to $0.07.

The company did say its international business continues to do very well. As extraordinary as it may seem, Crocs market cap is not only $366 million. The company has no long-term debt.

The Crocs line of products would not be a bad match with the Nike (NKE) casual shoe lines. Adidas has some products in the same category. If Crocs is going to get back to $10.00, it may have to be through an acquisition.

Management does not own a great deal of Crocs. Are investors tired enough to take a huge haircut? Investors who got in at $20?  That’s the question.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

A 70-Year-Old With $1.4 Million Faces a $62,000 RMD That Pushes Him Into a Higher Tax Bracket
Drew Wood |

A 70-Year-Old With $1.4 Million Faces a $62,000 RMD That Pushes Him Into a Higher Tax Bracket
A Couple's $1.2 Million Portfolio Faces a 3.9% Withdrawal Rate That Feels Safe but Is Not
Drew Wood |

A Couple's $1.2 Million Portfolio Faces a 3.9% Withdrawal Rate That Feels Safe but Is Not

Continue Reading

The Top 4 Stocks Getting Hammered by Earnings
Chris Lange |

The Top 4 Stocks Getting Hammered by Earnings

Despite this overall positive sentiment in the markets on Wednesday, a few companies were holding the move higher.
Time to Buy the Selloff in These Stocks After Earnings?
247patrick |

Time to Buy the Selloff in These Stocks After Earnings?

Investors and day traders on the prowl for stocks that may have been oversold after reporting earnings had quite a…
6 Companies That Destroyed Shareholders Last Week
Chris Lange |

6 Companies That Destroyed Shareholders Last Week

Last week, the Dow broke its six-day losing streak and S&P 500 hit a new record high. Despite all the…
Jon C. Ogg |

Rethinking Value: Is Crocs Doomed as a Brand?

Kcdtsg via Wikimedia CommonsCrocs Inc. (NASDAQ: CROX) is holding up rather well when you consider that the “maker of ugly…
Jon C. Ogg |

Crocs Fights Value Trap vs. Value

Crocs Inc. (NASDAQ: CROX) is getting absolutely crushed. While we always accuse the company of having the world’s ugliest shoes,…
Time to Bite on the Dip in Apple Stock After Earnings?
247patrick |

Time to Bite on the Dip in Apple Stock After Earnings?

With Apple shares falling since it posted quarterly results last week, investors may be pondering if it is time to…
Jon C. Ogg |

Blackstone Goes Big Into Crocs, Without a Buyout

Investment funds affiliated with Blackstone Group are taking a $200 million stake in Crocs in newly issued series A convertible…
Douglas A. McIntyre |

Crocs Earnings Reaction Uglier Than Its Shoes (CROX)

Crocs, Inc. (NASDAQ: CROX) has posted its fourth Quarter revenues rose more than 99% to $224.8 Million while its diluted…
Jon C. Ogg |

Crocs Buyout Sounds Like a Crock

Kcdtsg via Wikimedia CommonsCrocs, Inc. (NASDAQ: CROX) is surging on Wednesday on what feels a lot like some over-reporting or…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618