Really apreciate this deep dive into Crocs. The valuation angle is compelling at 7.5x forward earnings, especially with the Asian market growth staying strong. I think the HeyDude acquisition was definitly a learning moment, but the fact management recognized the impairments and adjusted shows they're willing to face reality. Your point about removing guidance being a positive rather than a red flag is intresting because it takes pressure off short term thinking. If they can keep generating solid free cash flow and buyback shares at these prices, the downside seems pretty protected.
Really apreciate this deep dive into Crocs. The valuation angle is compelling at 7.5x forward earnings, especially with the Asian market growth staying strong. I think the HeyDude acquisition was definitly a learning moment, but the fact management recognized the impairments and adjusted shows they're willing to face reality. Your point about removing guidance being a positive rather than a red flag is intresting because it takes pressure off short term thinking. If they can keep generating solid free cash flow and buyback shares at these prices, the downside seems pretty protected.
Have you seen https://investors.crocs.com/news-and-events/press-releases/press-release-details/2025/Crocs-Inc--Reports-Third-Quarter-2025-Results/default.aspx yet? Not ideal, though the buyback and debt repayments look to be on track.