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Crocs, Inc. Message Board

  • geosw geosw Jan 14, 2013 2:50 PM Flag

    investment thesis

    Can someone please explain the investment thesis for this stock? They wont/can't buy back shares; they wont/can't issue a dividend; the stock price is constrained by their past history. It's hard to believe that there is absolutely no way to use some of their cash hoard for the (immediate) benefit of long suffering share holders! Are we to just wait until their cash holdings force a buyout?

    Sentiment: Hold

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    • From what I have heard the CEO say, they make most of their cash overseas. If they repatriate this cash in order to do buybacks, they would have to pay taxes on it & lose a lot of it. ....So, they are apparently using a lot of it to open new retail stores in Asia, etc....They keep more of the money they make thru retail sales than they do thru the wholesale channel....At least, that is my understanding...

      Sentiment: Buy

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