Shreve kind of surprised me. He looks like your basic journalist, relatively conservative. Then he started off with Crocs. Shreve talked about the doubling of mutual fund money in the stock during the past year. How the Co beat earnings expectations for six quarters in a row. How the return on equity is more than 50 percent. How Crocs has a good management team.
Aye, aye, captain. I've agreed with these facts for many months now. But Maria Bartiromo took the cake. She mentioned that she likes Crocs. When Dylan Ratigan asked if she wears them, she said, "Yes, I just love that product." He kept on, asking if she wears them on the weekends. She said yes, then blushed and covered her face with her script. Haa... I'm wearing Caymans right now. I'm not ashamed to say it, either. Shreve also mentioned Navteq, Chipotle Mexican Grill, Under Armor and Shanda Interactive as strong magnets for mutual funds.
"You don't see 800, 900 mutual funds owning these stocks. They're just getting started, so there's more room for fund ownership," Shreve said. (My goodness, has this guy been reading this blog?) "Shanda is one of many China-based stocks where a fundamental story is driving the performance," he added.
I think Maria should model her Crocs tomorrow.
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