Crocs: “Actively Buying Back Shares”
- Posted by ToddSullivan
- on December 11th, 2012
Last night I wrote regarding the announced credit line expansion “The increase will allow them to repurchase shares at a controlled pace and allow them to maintain their liquidity should it be needed”. Well. this morning $CROX filed an 8k stating that, if fact, that is precisely what they are doing.
This is good, shares are cheap, backlog is up 33% YOY and the balance sheet is very stable.
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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Todd's investing strategy is essentially long with the rare short. He seeks to buy undervalued issues with an upcoming catalyst that will help them realized.... More »
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