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

To: Bill Wexler who wrote (3335)	3/5/2008 4:21:21 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

Yes the market things so too; crox from 27 to 20 in no time.

To: Bill Wexler who wrote (3335)	4/14/2008 5:29:29 PM
From: RockyBalboa	Respond to of 6370

CROX $13 (-$4.9) AP Crocs Cuts 1st-Quarter Outlook Monday April 14, 5:01 pm ET Crocs Lowers 1st-Quarter Guidance Due to Lower-Than-Expected Revenue, Plant-Closing Costs NIWOT, Colo. (AP) -- Crocs. Inc., maker of the colorful plastic shoes, on Monday lowered its first-quarter earnings guidance sharply, due to the costs of closing a plant and a revenue shortfall. Ron Snyder, company president and chief executive, said in a statement that traffic has slowed amid a difficult retail environment. "Retailers in general are planning more cautiously, and therefore, we did not experience the level of at once business we originally expected," he said. "In addition, because of our current expense structure, a shortfall in sales versus our expectations disproportionately impacts our earnings results." The company now expects a loss of 5 cents to break-even earnings per shares in the fiscal first quarter, from previous guidance of 46 cents per share. Excluding a charge related to closing its Canadian manufacturing operations, it predicts net income of 8 cents to 13 cents per share. Analysts polled by Thomson Financial predict a profit of 45 cents per share. Crocs said it is closing its Canadian manufacturing plant to consolidate production at lower-cost plants. Crocs now expects revenue of $195 million to $200 million, below previous guidance of $225 million. Analysts predict revenue of $223.3 million. For the fiscal second quarter, Crocs expects diluted earnings per share between 42 cents and 47 cents per share, or 45 cents to 50 cents per share excluding a 3-cent charge for shutting down Canadian manufacturing. Analysts expect a profit of 79 cents per share. For fiscal 2008, Crocs expects a profit of $1.54 to $1.64 per share, or $1.70 to $1.80 per share excluding one-time charges. Analysts predict a profit of $2.63 per share. Crocs also authorized a share buyback program of 5 million shares, effective on or about May 7.