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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (2013)	6/13/2007 8:49:58 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

Back from Southern France, .... been on brief but well deserved holidays. Crocs sightings: Now I slowly grasp why crocs are such a success. Despite they are butt ugly (I still enjoy shiny black leather shoes of italian origin which usually trade north of E200) lots of people are real fans of it. Why? For example, physicians wear it and recommend it their often elderly patients. Both are hardly susceptible of enjoying fads or elegant outfits but buy stuff for practical reasons. My old Ma' which I visit in France comes up with a pair of - turquoise - Crocs, saying what? They are not elegant - but they work... she puts them in the machine to wash, when any leather stuff would start to smell irreversibly, then they are cheap - their usual retail price is E40 and they are easy to wear and walk with. She tells that doctors and physicians at the large local hospital all dumped their clogs or lether loafers in favor of crocs. What could be a threat to crocs? Well so far people are putting down 40 Euros for a pair of China-made plastics with direct costs of likely less than 3. Now some French retailers sell copies of crocs for as little as E 14.90. The material appears to be the same; the design varies a lttle in order not to infringe crocs patented holes, so they have stars where crocs have round holes. It could well be that when 40 EUR crocs buyers are done the next ones will buy cheaper copycats, possibly forcing crocs to lower their MSRP and dampen their lofty margins. --------------------------------------------------------- Meanwhile, some people hedge their bet a little: AP Crocs Director Sells 133,099 Shares Wednesday June 13, 11:40 am ET Crocs Director Richard J. Sharp Sells 133,099 Shares of Common Stock NEW YORK (AP) -- A director at Crocs Inc., which makes plastic slip-on shoes and apparel, sold 133,099 shares of common stock, according to a Securities and Exchange Commission filing Tuesday. In a Form 4 filed with the SEC, Richard J. Sharp reported he sold the shares Friday for $83.89 to $86.09 apiece. Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction. Crocs is based in Niwot, Colo.