Dallas, TX 8/7/2009 9:51:38 PM
News / Business

Crocs, Inc. (NASDAQ:CROX) – Today’s First Hour Top Mover

Crocs, Inc. (NASDAQ:CROX) – Today’s First Hour Top Mover

Dallas, TX - WePickPennyStocks.com is pleased to alert investors of stocks on the move.

Piper expect share price appreciation to accompany consistent fundamental improvement & profitability potential in next 12 months. Q2 results outpaced estimates and guidance; clear signals that company is achieving early turnaround success.

1) Strength in consumer demand (on lowered expectations) is encouraging; brand equity remains high; visibility limited but improving.

2) Wholesale/retail, U.S./int'l, and product mix all contributing to better margin profile; mgmt reiterated its med-term mid-teens op margin target.

3) International markets represent 60%-plus of revenues; Asia strength a key driver.

4) Direct to consumer platform mitigates risk tied to domestic wholesale order volatility; DTC exceeds 50% of U.S. revenues; growth of 20%-plus is reasonable.

5) Company is bank debt free; $60M in cash ($0.70/share); receivables collection much improved and inventory levels nearer to sales needs; 2.2M in carryover inventory remains of 8M excess.

The stock is currently trading at its highest point of the day of $5.94 moved up about 38% on over 8.54 million shares and touched a new 52 week high.

About Crocs, Inc.

Crocs, Inc. is a designer, manufacturer, distributor, worldwide marketer and brand manager of footwear for men, women, and children. Crocs shoes combine fun colors and designs and the Company manufactures a product offering that provides new and exciting molded footwear products that feature fun, comfort and functionality. The Company designs and sells an offering of footwear, apparel, gear and accessories that utilize its closed cell-resin, called Croslite. The Crocs product range is divided into three categories: everyday, style and sport. Its everyday product range is composed of fully molded products, which are closest to its core products and targeted widely to several distribution channels. Its style product range consists of more fashionable silhouettes targeted towards higher-end department stores. Its sport product range includes sport inspired products that offers a Crocs point of view for active end uses like boating, walking, and hiking.

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