A good analysis on the long side of CROX ... from a former doubter.
Seeking Alpha: Crocs: Better Late than Never
At $59, this gives forward PE of 30 (2007) and 23 (2008). Now I don't purport to know what a good valuation is for this company, since I am not sure what exactly to compare it to. But its growth rate in the recent past is certainly well in excess of 50%, and I'd argue the near future could continue to see 30-40% growth.
Let's compare it to Under Armour for example - Under Armour is actually a smaller company than Crocs by revenue (surprised me too), with very similar growth rates on the top line. At $65, it's valued at 65x 2007 estimates and 50x 2008 estimates. Very expensive.
While the topic is CROX, here's Rick Aristotle Munarriz's latest stance on the Co and stock.
Munarriz: No, the Clothes Don't Have Holes
Always interesting to see that one of Motley Fool's top writers continues to have a fair, bullish analysis on CROX. When the new year started, Motley Fool's members voted CROX as the worst stock of 2007.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment