CROX - What happened?

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Posted in CROX

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Yankee Investor - June 3rd, 2008 at 12:16 pm
Excessive optomism has led to excessive pessimism as far as stock price. Expect things in stock price area to look up when the unexpected costs of correcting a manufacturing costs problem is finally visible in a return to better profits.

Too bad management did not anticipate better. Probably too much else happening (like opening thousands of new outlets around the world). Challenge of management is to be strategic - this means CEO who gets things done, does them and doesn’t always think/anticipate and Chairman who does not DO much, but thinks instead, anticipates. SO Chairman should ask questions and CEO should answer them and they both should THINK.

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