Investors Buying Crocs (CROX) Today On Weakness & Something Else
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- Standpoint Research Initiates Coverage on Crocs (CROX) with a Buy
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- Morning Movers 11/06: ACLS, CVM, ZIOP, LPSN, CABL, ZGEN Higher; NHWK, GOK, CROX, CVI, RAIL, CSTR Lower
- Piper Jaffray Maintains an 'Overweight' Rating on Crocs (CROX); Channel Diversity Providing Topline Hedge
- After-Hours Movers 11/05: JSDA, ENOC, SAM, RST, ASEI, KFN Higher; MOVE, FNM, CROX, BEBE, BID Lower
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Crocs (Nasdaq: CROX) is up over 7 percent today on investors taking advantage of the recent weakness in CROX and potential future catalysts that may move the stock upward shortly.
The Talented Blonde reported, while in Vegas at the MAGIC conference, that she met with Crocs' management and the apparel line will knock it out of the park. She said, "The stock will spike and those that sold short will be hosed."
Let's talk some Crocs financials. Crocs PE is now 22, PEG is under 1 at .70 and Crocs has instituted a decent buyback program. I believe Crocs has support in the 30 level range and I would be a buyer of Crocs today.
JR
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