Yep, Crox seems to have found support and is slowly crawling its way back up, even while the rest of the market continues to dive.nakedsushi said:I'm glad I took the risk and bought some CROX yesterday when it was around $34. It picked up again and I traded it when it reached $38.50. Made a decent amount of change. Maybe I'll take the BF out for a fancy dinner =D
The Crocs (CROX) quarter was definitely not worth writing home about. There were high expectations from the company, but investors were disappointed and the stock is down $35 in one day. Granted they did not crush expectations, but earnings were still good. Revenues of $256.3 million, vs. $111.3 million a year ago and earnings were 66 cents per share, vs. 27 cents a year ago. Demand in some markets were too high and Crocs could not make their product fast enough.
While brand dilution is a possibility considering companies like Sketchers and Payless are selling knock offs, exclusive licensing deals from colleges and companies like Disney will keep them "unique". Moreover, new products will take some seasonality out of their earnings and overseas expansion continues to flourish.
Crocs is like Deckers (DECK), another footwear manufacturer made popular by their Ugg brand shoes. That stock fell out of favor between Dec 2004 and Nov 2005, when it fell from $48 to $17 after a huge run from $3 to $47 between 2002 and 2004. Currently, DECK is a $145 stock and investors who sold it back in Dec 2004 would be kicking themselves.
I believe Crocs will be ok in the long run. If you own it and rode it all the way down, I recommend keeping it. Its too late to sell. If you don't own it, probably best to give it some time. I bought the stock in the mid-thirties myself and sold 50% of my position before earnings. So, while I am still up on the stock, I am not in the black as much as I would have liked. This is a lesson to those who try to guess which way high flyers will go after earnings, and this is why I wrote a piece last week about not buying a momentum stock before earnings. For every Intuitive Surgical (ISRG) and Bidu (BIDU), there is a Crocs and a Las Vegas Sands (LVS). For investors who followed my advice on Crocs back in July, or in Sept, you are either still up on the stock or breaking even. It's time to take a step back from the stock. Don't buy more and don't sell.
Over a short horizon, six months or less, stocks are extremely hard to predict and can go either way, no matter how good of a company it is. Good companies over the long term WILL earn better than market returns. You just have to stick with them and they will deliver.Ether_Snake said:So yeah I'm losing money. Oh well.
Oh yeah, and of course the US dollar keeps on falling, which makes it all the worst:| What a waste of money. What's the point of investing in the right company if the market is going to sink it even on record earnings.
Ether_Snake said:Oh yeah, and of course the US dollar keeps on falling, which makes it all the worst:| What a waste of money. What's the point of investing in the right company if the market is going to sink it even on record earnings.
ING says it will acquire Bellevue's ShareBuilder
Company reportedly seeking larger space
By JOHN COOK
P-I REPORTER
Dutch financial services giant ING announced an agreement Tuesday to acquire Bellevue online broker ShareBuilder for $220 million in cash.
The acquisition talks first were reported in the Seattle P-I last week, with former ShareBuilder executive Jeff Huse noting that the $220 million price is a "terrific deal" and a "very good outcome."
Ether_Snake said:I'm going down big time (IMMR at 13, bought it at 17). I'm holding on everything, but there is no way in hell that I will buy anything, even tho I see good opportunities. You never know when low is low. I prefer to rely on overall recovery to give me a hint that a low was actually a low. As far as we know right now everything could have fallen only half as much as it will.
Troblin said:I wouldn't worry about it too much.
If your playing long-term you'll be fine.
I think everyone is in the same boat with Short Term loss.
I was up ~ 30% on my portfolio ~ a month ago and now I'm barely breaking even.
sonarrat said:ETFC (E*Trade)
Current price $3.91
Previous close $8.59
*jawdrop
sonarrat said:Man, I could have almost doubled my net worth by shorting it yesterday and then rebuying it.
sonarrat said:ETFC (E*Trade)
Current price $3.91
Previous close $8.59
*jawdrop
gkrykewy said:So, uh, tomorrow looks like another "buying opportunity" for NTDOY. Japanese fat cat investors don't care about NPD.
I picked up some ATVI yesterday.
argon said:GRMN 97.88 +13.88 +16.52%
Looks like it will be a Garmin Christmas after all..
kathode said:Does anyone think AMZN is worth holding onto? This thing is sinking like a rock and has already ditched nearly 20% of the value from when I bought it. I was going to hold thinking that the Christmas season would lift them a bit, but I'm afraid with the P/E ratio being so high that this will be seeing the $50-60 range before it gets a bump, and then the bump will only put it back in the $70s. Any thoughts?
teh_pwn said:That's hard to say. Generally I wouldn't sell to lock in losses, and Amazon is a visionary company -- everyone buys online from them and they'll be there for the long run. But the P/E ratio is so high, I don't know. It may be better to lock in those losses and buy something more reasonable. You may make more in the long run this way.
sonarrat said:This is going to be a hard winter for retail, and Amazon isn't going to be an exception. I would not advise holding onto anything tied to consumer spending in this environment.
teh_pwn said:That's hard to say. Generally I wouldn't sell to lock in losses, and Amazon is a visionary company -- everyone buys online from them and they'll be there for the long run. But the P/E ratio is so high, I don't know. It may be better to lock in those losses and buy something more reasonable. You may make more in the long run this way.
Cheesemeister said:NTDOY Last Close: 69.17, Bid: 66.10 x200, Ask: 66.19 x200
Down over $3 (4.4%) today. Time to buy?
kathode said:Wii's still selling out all over the place. http://www.neogaf.com/forum/showthread.php?t=209456
Ride the ups and downs if you like, but this is as safe a stock as you'll find to hold.
Cheesemeister said:NTDOY Last Close: 69.17, Bid: 66.10 x200, Ask: 66.19 x200
Down over $3 (4.4%) today. Time to buy?
Also, ETFC is down more than 10%.
Maxwell House said:I decided to just ride STP out. I believe solar power stock is the type of tech that can double, triple or quadruple in value in the next few years.
sonarrat said:Uh.. thing is, it has already tripled in value in the past year. Keep that in mind.
I believe there is more upside to come.sonarrat said:Uh.. thing is, it has already tripled in value in the past year. Keep that in mind.