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Crocs' Stock Is Still Cheap
CROXCrocs(CROX) Seeking Alpha·2024-06-22 09:20

We-Ge/iStock Unreleased via Getty Images Investment thesis My initial bullish thesis about Crocs (NASDAQ:CROX) aged extremely well as the stock rallied by 50% since January 31, substantially outperforming the broader U.S. market. I remain bullish about Crocs' stock as the company continues breaking its historical revenue records while sustaining unparalleled profitability. The industry significantly depends on the broader economy's health and the environment becomes more favorable for CROX. My valuation ana ...