Pretty Unbelievable
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It just amazes me how quickly some companies can go out of favor. Despite the popularity of their ugly shoes, CROX is down 93% from its high of 75.21 in November 2007 to 4.89 today. Pretty crazy.
[quote=iceco1d]http://www.thebestpageintheuniverse.net/c.cgi?u=fashion
You'd enjoy the entire website Snags, I'm sure. The "fashion tips" article [3rd one down] has crox in it. By the way - I think the 90% drop in stock price is a pretty good illustration of how irrational the market can be. What competitive advantage did CROX ever have that would warrant their market cap @ $70+ per share? Just a bunch of morons bidding prices up because they think they are the next Warren Buffet on etrade. My personal favorite was the collapse of eToys.com. My god, the stupidity. [/quote] I like the link Ice. The couple I read are pretty damn funny. I'll have to take a look at the rest a little later.[quote=iceco1d]
By the way - I think the 90% drop in stock price is a pretty good illustration of how irrational the market can be. What competitive advantage did CROX ever have that would warrant their market cap @ $70+ per share? Just a bunch of morons bidding prices up because they think they are the next Warren Buffet on etrade. My personal favorite was the collapse of eToys.com. My god, the stupidity. [/quote] It's Krispy Kream Redux However, at least these companies had some profit and some way of making a profit, they just grew out of control (and KK was mismanaged). eToys, eSneakers, ePets, eWine, eCheese, et. al., didn't have a business plan. I take that back. It consisted of * build website, * sell ads on website, *charge "per click" Thank god the whole "cost per click" jargon has pretty much disintegrated from our landscape (other than Yahoo and Google). Who needed revenue and profits when you had "clicks" and "page views"?I had two people want to invest in Crocs when the IPO came out, one was a client who called me up and we talked about it and he put a small portion of his portfolio in. Last July I called him when the stock was at $54 and talked to him about pulling out his initial investment, he agreed and we pulled out a little more then his original investment. If he sells the rest today he is still up 140% and about 50% avg annual.
The second person was a walk in that I agreed to chat with. He owned a car repair business and while we talked I found out that he didn’t have a retirement plan. So I made the trade as a foot in the door to talked about a plan down the road. When I called him last July he told me that he had a “gut feeling” that it would go to $106 and thats when I should call him to sell. Never did and he went from +300% to -70% now. Also after talking with him and his acccountant about a retirement plan for the business he decided to open an “IRA CD” at the credit union. I like to look at his account everytime Crocs has bad news.
InBev's Real Men of Genius...Mr. Car Repairman business owner, because you know how to change a tire, check my oil, and fix my dented bumper, you think you know how high a stock will go with your "gut feeling"...we salute you, real man of genius.When I called him last July he told me that he had a “gut feeling” that it would go to $106 and thats when I should call him to sell. Never did and he went from +300% to -70% now.
InBev's Real Men of Genius...Mr. Car Repairman business owner, because you know how to change a tire, check my oil, and fix my dented bumper, you think you know how high a stock will go with your "gut feeling"...we salute you, real man of genius. [/quote][quote=Maxstud]When I called him last July he told me that he had a “gut feeling” that it would go to $106 and thats when I should call him to sell. Never did and he went from +300% to -70% now.
[quote=babbling looney]
The "fashion tips" article [3rd one down] has crox in it. LOL OMG The people who bought Crocs also bought Truck Balls and Corn Dogs...... Says it all doesn't it? [/quote] I happen to love corn dogs. What's wrong with that?