I do some volunteer work, and I feel like crocs have always been pretty common. However this year, they are EVERYWHERE. With how prevalent they are you would think its Nike or something. I’m not exaggerating when I say half the kids are wearing crocs, so I think they must’ve crushed it in their back to school sales.
CROX is down 30% YTD and fell from $105 to $75 on its most recent earnings due to weak guidance. It reports its next earnings on November 4th and I think it is due for a massive turnaround.
Positions:
20x 85C expiring in December
