Aug 01 2008
I feel like a 7 year-old on Christmas morning! Have you heard the news, the wonderful, glorious news? Crocs’ crimes against humanity may soon end thanks to their stock taking a major nosedive (-47%) after the company had to announce they wouldn’t come anywhere near their previously announced expectations for the quarter. It has been a long time since the stock market has given me a boner this hard.
I’ve already written about my disdain for these rubber pieces of shit but this morning’s gift from the universe had to be acknowledged. The Crocs CEO Ron “Satan” Snyder had this to say, “Although we made important progress reducing costs in our manufacturing and distribution platform blah blah blah fart fart fart.” Who cares?
Michael Pierce, who is a smart guy from London said “I suspect the problem at Crocs is simply that people are tired of them and do not find them as exciting as they once did.” Yes, they were once so exciting!
Another smart guy named Mitch Kummetz has the quote that made my morning, “But with the outlook as bad as it now is, the fundamentals really are that bad. We see no catalyst to reverse the trend.”
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