Wednesday, September 06, 2006
Crocs on CNBC tonight
I know a lot of people just love the Crocs; and you can't argue with the success of the company. You know they have made it when I saw knockoff Crocs at a store last week...I'm sure there are many imitators out there now.
The company trades on the NASDAQ under the symbol CROX, came as an ipo on Feb. 7th 2006 at $21.00 per share. It went as high as $37 and is trading today around $26.85. They seem to have had a nice run. It is a stock that a lot of people have been shorting(betting the price will go lower).
Anyway, I just saw an ad for the show "on the money" on CNBC( at 7pm and replayed at 11pm ) and they are doing a focus piece on Crocs and the success of the company. I think I heard that they may be expanding into clothing, etc to diversify.
So, if you like Crocs or want to learn more about the company you may want to catch the show.
(fyi: no, I don't have a long or short position in CROX; I just know a lot of people have talked about them in the past.)