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Crocs, Inc. Message Board

  • madmoneyguru madmoneyguru Nov 1, 2007 8:34 AM Flag

    Almost like it was scripted this way

    Looking back at some of the Forbes and Fool articles, it looks as though CROX fall was pre-scripted. They talked about a stock "priced to perfection" yet that is with a P/E of 45 with a growth rate well over 100 (and a forward P/E of around 25).

    Yet still they beat the drums of doom, almost as if they knew it was under manipulation, that it was going to be systematically crushed on any excuse whatsoever.

    So, CROX beat analysts estimates and RAISE guidance. But the Street is pretending that they didn't raise guidance enough to match the Street's expectations. Therefore, that "miss" ($830M forecasted by the company, $837M by the street) of $7M of earnings (which the company will still surpass in beating next time anyway), or less than a 1% miss, translates into a 25% drop in shareholder value.

    Let me say it again, a 1% "miss" in earnings (and it is arguable if that is even a miss, since the company was raising its previous guidance, just not as high as the Street wanted) translates into a 25% crushing of the stock price.

    Something is very wrong here.

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