Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Wednesday, March 29, 2006
Questions about Crocs (Nasdaq:CROX)
Asensio is not impressed with Crocs (Nasdaq:CROC). They claim that of the recent IPO of 11.4 million shares 6.4 million shares where sold by insiders. The insiders had recently purchased shares for about $0.11. The IPO was priced at $21.00. The intervening time frame is insanely small. There seems to be many questions about how Crocs will deal with hyper competition from cheap brands. Also management claims about proprietary technology are being closely questioned.