Posts for Ticker ‘CROX’

Top 10 Analyst Upgrades, Downgrades, Initiations (AMZN, ANSS, BEBE, CAH, CNQ, CROX, GCO, PEET, O, SBUX)

These are this morning’s top 10 analyst upgrades, downgrades, and initiations seen from Wall Street research calls:

Amazon.com (NASDAQ: AMZN) Raised to Outperform at Bernstein and target raised from $125 to $160.
ANSYS (NASDAQ: ANSS) Raised to Buy at Jefferies.
bebe Stores (NASDAQ: BEBE) Cut to Hold at Brean Murray.
Cardinal Health (NYSE: CAH) Cut to Hold at Jefferies.
Canadian Natural Resources (NYSE: CNQ) Raised to Overweight at Barclays.
Crocs Inc. (NASDAQ: CROX) Reiterated Overweight at Piper Jaffray.
Genesco (NYSE: GCO) Raised to Outperform at R.W. Baird.
Peet’s Coffee & Tea (NASDAQ: PEET) Started as Buy at Janney.
Realty Income (NYSE: O) Raised to Outperform at Credit Suisse.
Starbucks (NASDAQ: SBUX) Reiterated Overweight at Piper Jaffray and raised 2010 targets.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG

Posted on: November 6, 2009 – 8:29 am in Analyst Calls, , , , , , , , , ,

Top Day Trader Alerts (AIG, CROX, SQNM, LEAP, PMI, NVDA)

These are this morning’s top day trader and active stock alerts.  We have more detailed price and volume analysis links on each stock from VSInvestor.com:

American International Group (NYSE: AIG) is continuing the recent surge.  It actually made money from operations, and shares are up above $25.00 on the news.

Crocs, Inc. (NASDAQ: CROX) is almost hard to imagine as the top winner this morning.  But it is thanks to smaller losses, better guidance, and a call to return to profits.

Sequenom, Inc. (NASDAQ: SQNM) is getting shelled by 14% after losses and projections for more losses.

Leap Wireless (NASDAQ: LEAP) is one of the worst performers this morning after wider losses were reported.

PMI Group Inc. (NYSE: PMI) is getting shelled.  We have shares down over 20% in early trading after wider losses.

NVIDIA Corporation (NASDAQ: NVDA) was last night’s second highest in volume. This is on a return to profitability a quarter sooner than expected.

JON C. OGG
AUGUST 7, 2009

Posted on: August 7, 2009 – 9:16 am in Pre-Market Activity, Trading Alert, , , , , ,

Top 10 Analyst Upgrades & Downgrades (CROX, FTE, MMC, PCS, WTR, LEAP, NVO, RRGB, TI, TRI)

Everyone is on hold for jobs data, but there are still pre-market research calls.  These are the top ten analyst calls we saw for upgrades and downgrades this Friday morning:

Crocs (CROX) Raised to Overweight at Piper Jaffray.
France Telecom (FTE) Raised to Overweight at JPMorgan.
Marsh & McLennan (MMC) Raised to Buy at UBS.
MetroPCS (PCS) Raised to Hold at Auriga.
Aqua America (WTR) Cut to Neutral at HSBC.
Leap Wireless (LEAP) Cut to Market Weight at Thomas Weisel; Cut to Hold at Soleil.
Novo Nordisk (NVO) Cut to Neutral at Goldman Sachs; Cut to Neutral at JPMorgan; Cut to Neutral at UBS.
Red Robin Gourmet (RRGB) Cut to Perform at Oppenheimer.
Telecom Italia (TI) Cut to Neutral at BofA/Merrill Lynch.
Thomson Reuters (TRI) Cut to Underperform at Jefferies.

JON C. OGG

Posted on: August 7, 2009 – 8:00 am in Analyst Calls, , , , , , , , , ,

Crocs Cash For Clunkers Earnings (CROX)

Crocs LogoCrocs, Inc. (NASDAQ: CROX) is soaring in the after-hours session on its earnings report.  The numbers were ahead of plan enough that many might think Crocs was the winner in the “Cash for Clunkers” pact in the auto sector.  The company said revenue fell to $197.7 million from $222.8 million a year ago.  On a non-GAAP EPS, it lost $5.0 million or -$0.06 EPS.  The company’s prior range was $0.31 to $0.15.  Thomson Reuters estimates are -$0.21 EPS and $149.95 million in revenues.  The guidance is much less bad than many expected.
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Posted on: August 6, 2009 – 4:26 pm in Apparel, Earnings, Trading Alert,

Crocs Closer To Raising Cash (CROX)

Crocs LogoCROCS Inc. (NASDAQ: CROX) may be closer to a capital raise if an amended filing from tonight clears the bar to allow it to sell securities.  It was just May 22 when it filed to sell up to $75 million in a mixed securities shelf.  If this is cleared, this will allow the company to sell debt, preferred stock, common stock, warrants or purchase contracts.  Tonight came the opinion letter from Faegre  & Benson LLP that should be at least one hurdle for the company to raise cash.

Shares closed down over 7% at $3.68 today, and its 52-week trading range is $0.79 to $10.55. For a comparison, its current market cap is about $308 million.  We have yet to see any formal underwriters named, so this may not be an imminent financing.

You can see the signatures and conditions in the full amended filing.

JON C. OGG

Posted on: June 16, 2009 – 4:11 pm in Apparel, Cult Stock, Secondary Offering,

Is Crocs Becoming The New Bull Market Proxy? (CROX)

crocsIt is true that the most speculative or most battered stocks often rise the most during the initial turnaround and recovery, and to call the latest rally since the March lows a mere recovery would be an understatement of the year.  But while the S&P has recovered 35% from lows and the NASDAQ has recovered by almost 40% from lows, shares of Crocs Inc. (NASDAQ: CROX) have exploded from their lows.  With shares up 14% today at $3.71, CROCs has risen well over 200% from the March lows and is up over 100% in less than one-month.
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Posted on: May 5, 2009 – 11:09 am in Apparel, HI/LOW, Technical Analysis, Trading Alert,

Crocs Tries To Lure Athletes; New Line, Same Look (CROX)

crocs-logoCrocs, Inc. (NASDAQ: CROX) is one of the brands that has come at-risk over its future.  The company is also flying under the “going concern” flag from auditors.  And now it is bringing a new line of shoe for athletic recovery called the “Prepair” designed to help athletes recover following fitness and athletic events.  This line is said to be specifically designed to improve recovery time for recreational and professional athletes alike.
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Posted on: April 27, 2009 – 7:27 am in Apparel, Cult Stock,

Twelve Major Brands That Will Disappear

A number of well-known brands disappeared in the last year in large part due to economic forces. Many of them were in the retail industry, led by Circuit City. ATA and Aloha airlines are gone. Gateway Computers has effectively disappeared after being bought by Acer. It still has a website, but the brand is no longer marketed.

As the recession deepens and stretches out quarter after quarter, more companies will close or will shut divisions. More brands will disappear because their parents firms fold or can no longer afford to support them. Other brands will be obliterated by mergers.

24/7 Wall St. examined 100 large brands that are facing troubled futures. The analysis included records for those brands that are public companies or part of public companies. We considered sales information, information from industry experts, and brand histories. We also looked at the level of competition in each brand’s market and the extent to which that competition is growing. We examined the likelihood that a brand could be sold or spun off in cases where parent companies are in financial trouble.

We have compiled a list of 12 brands that will we believe will not survive until the end of next year. Each brand and the major reasons for its demise are listed along with some of the public information 24/7 Wall St. examined. Read More »

Posted on: April 15, 2009 – 8:39 pm in Airlines, Apparel, Media, Uncategorized, , , , , , , , , , , , , , ,

This Week’s Biggest ‘GOING CONCERN’ Stocks (AVR, BBI, CROX, EBHI, MGM)

Will a 'going concern' note burn your money?

Will a 'going concern' note burn your money?

We are still in the midst of “annual report season” as companies have been submitting their 10-K filings with the SEC. Or in some cases delaying those filings.  There is one theme that has been much stronger during this recession than during any recent years, and that is the dreaded “GOING CONCERN” notice from auditors in the amount of companies which are well known.  And this year’s round of GOING CONCERN notes has a host of names that were formally great stocks.

A going concern is the ability of a company to continue to operate as things are now and not go out of business or have to liquidate its assets.  The out is of course that the company must be able to raise enough capital or exit certain operations to stay operational.   Here are some of the big names with the notes that have come out this week:
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Posted on: March 20, 2009 – 7:46 am in Accounting, Annual Report, Corporate Governance, , , , ,

Most Overpaid CEO Of The Day: Ron Snyder Of Crocs (CROX)

CrocsLeave aside being overpaid. It is stunning that Ron Snyder, CEO of Crocs (CROX), can keep his job. After repeated earnings disappointments, shares in the company hit a 52-week low today of $.79, down from the period high of $46.80.

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Posted on: November 13, 2008 – 5:41 pm in Earnings Warning,

The 52-Week Low Club (C)(CROX)(MSFT)(INTC)(WCG)(GE)

Sad_clownGE (GE) Concerns about dividend and financial services arm. Drops to $14.58 from 52-week high of $39.95.

Citigroup (C) Huge consumer lending portfolio becomes more of a time bomb. Drops to $8.27 from 52-week high of $37.50.

Crocs (CROX) Tremendously bad earnings. Falls to $.79 from 52-week high of $46.80.

Microsoft (MSFT) Signs of tech slowdown are everywhere. Drops to $18.74 from 52-week high of $36.72.

Intel (INTC) Cuts profit forecast. Sells off to $12.87 from 52-week high of $27.99.

Wellcare Health (WCG) Higher than expected medical costs. Down from $6.12 from 52-week high of $58.73.

Douglas A. McIntyre

Posted on: November 13, 2008 – 4:00 pm in HI/LOW, , , , , ,

24/7 Day Trading Alerts (CROX)(OPTR)(FEED)(NTAP)(AMAG)

R218533_855025

Things are so bad at Crocs (CROX) that it is off nearly 50% down near $1.

Optimer Pharmaceuticals (OPTR) continues to be volatility. Details here..

AgFeed (FEED) is getting crushed.

NetApp (NTAP) is today’s tech winner.

AMAG Pharmaceuticals (AMAG) is making a big run up.

Posted on: November 13, 2008 – 9:33 am in Research, , , , ,

Grim Reaper Wearing Crocs (CROX)

Crocs_logoCROCS Inc. (NASDAQ: CROX) is a story of the good, the bad, and the fugly.  The maker of ugly fad shoes reported earnings after the close, which technically were no earnings at all.  The company posted a net loss of $148 million, or -$1.79 EPS, but this included charges of $104.1 million for restructuring, goodwill, inventories, and other items.  Revenue fell by 32% to $174.2 million.  Gross margin went from roughly 60% down to 1.4%.

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Posted on: November 12, 2008 – 5:18 pm in Apparel, Earnings, Retail,

Crocs Shrinkage (CROX)

Crocs_logoCrocs, Inc. (CROX) is showing yet again that its growth days are history.  The fad shoe maker has announced that it sold certain assets of its Foam Creations business unit in Quebec City, Quebec to a Canadian company led by the former Foam Creations founder.  The sale includes manufacturing assets as well as finished inventory and raw materials. The business will continue to operate and will retain 26 employees.

This sort of announcement would traditionally not make much news and might not make much impact, but it shows the company is shrinking.  Investors of the high-growth fad stock from 2007 have an entirely different company on their hands.

Crocs shares closed at $3.33 Friday and are indicated down at $3.30 in early trading this morning.  If $3.33 is taken out and the stock trades lower, then this will market yet even newer 52-week lows from Friday’s trading.

Jon C. Ogg
October 6, 2008

Posted on: October 6, 2008 – 7:24 am in Apparel,

52-Week Low Club (CCJ, CPN, CECE, CROX, GGP, TWB)

52_week_low_image_2As the markets went back to triple-digit losses, there were many more new stocks (and repeat performers) on the 52-week low club today.  Many of these look just like an explosion in a city at night. Not all of these closed on 52-week lows, but these did hit new intra-day lows of consequence:

Cameco (NYSE: CCJ)… Cigar Lake update showed more water entering the uranium mine hole.

Calpine (NYSE: CPN)… rose back above old $15.00 low, but shares down by one-third since July 1.

CECO Environmental Corp. (NASDAQ: CECE)… on added earnings concern; with a name like that you’d think they would do better as shares are down 70% from highs.

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Posted on: August 13, 2008 – 2:40 pm in Uncategorized, , , , , ,

Put Crocs (CROX) On The Block

CrocsCrocs (CROX) Crocs may actually be moving into the stage where its price and market cap are so low that it could become a takeover target. After announcing awful quarterly numbers and a weak forecast, shares in the company have fallen to $4.38 down from their 52-week high of $75.21.

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Posted on: July 28, 2008 – 4:38 pm in Mergers and Buy Outs, ,

The 52-Week Low Club 7/25/2008 (SSP)(MNI)(CVG)(ATI)(CROX)(AFFX)

Sad_clownScripps (SSP) Newspaper stock takes big hit on earnings. Falls to $7.17 from 52-week high of $147.78.

McClatchy Newspapers (MNI) Another newspaper company with problems. Sells down to $4.30 from 52-week high of $26.43.

Convergys (CVG) Still dropping after downgrade, to $11.77 against 52-week high of $20.

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Posted on: July 25, 2008 – 3:49 pm in HI/LOW, , , , , ,

Crocs Stock Now Exponentially Uglier Than Its Shoes (CROX)

Crocs, Inc. (NASDAQ: CROX) just joined the category of stocks that the old term of "S.N.A.F.U." would apply to. 

Crocs_logo_2The maker of the faddish and notoriously ugly shoes came out warned for the quarter and for 2008.   

The warning isn’t just a small one either.  You’d think they put fungus in those ugly shoes or at least had the shoe sales people smashing the toes of loyal customers.  It’s no wonder the CEO made our fresh list of 9 CEO’s that are likely to be gone by year-end.

Read More »

Posted on: July 24, 2008 – 4:12 pm in Apparel, Cult Stock, Earnings Warning,

Nine CEOs Who Will Go By The End Of The Year (CROX)(YHOO)(JAVA)(SIRI)(CBS)(VIA)(GM)(LEH)(Q)

95129cSince 2006, 24/7 Wall St. has scrutinized public companies on a regular basis, focusing on those with poor management and has suggested which big company CEOs needed to be replaced. Hector Ruiz of AMD was on more than one of our lists. He stepped down last week. Charles Prince at Citigroup (NYSE:C) was on the 24/7 list of CEOs Who Have to Go list in 2006. So was Kevin Rollins of Dell (DELL). We have missed the boat on some of our calls. The chief at Kodak (EK) is still on the job. So is the head of Pfizer (PFE).

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Posted on: July 22, 2008 – 8:03 am in Research, , , , , , , , , , , , , , , , , , , , , , , ,

Cult Stock Earnings Bonanza (DIVX, VCLK, CROX, HANS, LOCM, RNWK, RICK, TRLG, VG)

While most of the investment community goes out breaking down earnings for major stocks, there is a huge interest in many of the cult stocks reporting earnings.  Among the cult stocks we have reporting this week, the following is a list of key stocks reporting:  DivX, Inc. (NASDAQ: DIVX), ValueClick Inc. (NASDAQ: VCLK), CROCS Inc. (NASDAQ: CROX), Hansen Natural Corporation (NASDAQ: HANS), Local.com Corp. (NASDAQ: LOCM), RealNetworks Inc. (NASDAQ: RNWK), Rick’s Cabaret International Inc. (NASDAQ: RICK), True Religion Apparel Inc. (NASDAQ: TRLG), and Vonage Holdings Corporation (NYSE: VG). 

Cult stocks are often fad stocks, but they tend to see explosive volume on news and often have high short interest.  Many of these stocks have been covered in our weekly "10 Stocks Under $10" newsletter we send out too.  Here is a breakdown of these individually:

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Posted on: May 5, 2008 – 1:35 pm in Cult Stock, Earnings, , , , , , , , ,