Crocs (CROX) Will Continue To Grow, Says Karen Finerman of Fast Money

December 7, 2007 2:32 PM EST

Crocs (Nasdaq: CROX) has grown rapidly in the past three years, going from a net loss of $1.6 million in 2004 to profits of $64.4 million in 2006.

Crocs grew revenues by 130% in the quarter, while its closest competitor, Deckers Outdoors (Nasdaq: DECK), generated 57% growth in the same period. Karen Finerman of Fastmoney believes that there is more growth ahead for CROX. She recalls a few years ago, when people thought Decker Outdoors\' Uggs brand was a fad, (Uggs brand continues to grow) but it obviously was not, as DECK has exploded over the past few years. She thinks Crocs could follow the same path as Decker Outdoors.

As long as retailers are willing to give Crocs floor space, Crocs will be successful at selling its wares. Crocs is currently trading at $45.21.

I understand some investors are disappointed that Finerman didn\'t explain her Crocs thesis earlier, when she talked about it back in the 30s. But, maybe tv time didn\'t allow her to? But, I do not know. Maybe I will hear from her and let you know.
JR

Feel free to send me feedback!

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