Several months ago I wrote a blazing piece on the Crocs footwear company, indicting them for making such god awfully heinous shoes. Well, I am here to report that my dooms daying predictions for the company have borne fruit. The stock (CROX) is now trading near $4 a share. A significant drop from the price it was at when I wrote my article ($20) in April and a huge drop from the $80 or so it was at a year ago.
I applaud the American consumer for saying no to criminally ugly clothing.
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This only means that soon they will be having a meeting in the board rooms of Croc, Inc. to decide on a new direction for the company.
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