Key insights
- The author notes CROX's recent 30% surge in the past month and 20% YTD increase, attributing it to pre-earnings momentum and a perceived overreaction to a past capital allocation mistake (HeyDude acquisition). The author expresses a bullish outlook on Crocs due to its profitability and growth potential, suggesting a positive, albeit potentially short-term, influence on the stock.
It's been two full months since we last talked about crox, one of the most popular and controvertial stock here in the subreddit.
Earnings is coming up and alot of money has been pouring into crox.
Up 30% in the last month and up 20% YTD.
What are your thoughts? Will it continue it's uphill perfomance in the next years or do you expect a reversal?
In my opinion this company was overly sold by a capital allocation mistake in heydude, it's still a very profitable and growing company with the crocs brand.