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24/7 Wall St. said it analyzexd 100 large brands that it believexsare "facing troubled futures" and couls go the way of such notablse recent "disappeared" brands as and . The website said its analysts evaluated sales the landscape ofthe business’ industry and public financial records. Crocs, the moldedf shoes made by Niwot-based (NASDAQ: was "the fastest growing footwear in America atone point," 24/7 Wall St. but the company's stock has slippedx from a highnear $70 a share in Octobeer 2007 to $2.29 as of Friday.
The websitwe notes that Crocs' auditoras issued a letter in Marchraising “substantial doubty about the company’s ability to continue as a going Crocs later announced that it had received a six-month extension of a key credit facility with Union Bank of California. But nevertheless, the 24/7 Wall St. reporyt concludes: "Crocs won’t make it througg the year." The company's website says: look forward to providing you with excitiny new Crocs shoe designs in the yearsto come." Crocs posted a fourth-quarter 2008 loss of $33.2 million, or 40 cents a versus a profit of $38.
3 million, or 45 centsw a share, in the same quarter of 2007, but it beat analysts’ The 24/7 Wall St. originally posted April 15, was republisheed Saturday by thefinance webpage. Other brands on 24/7 Wall St.' list: Budget rental cars. Borders book stores. magazine. . magazine (owned by the same corporat e parent as the DenverBusiness Journal). cars. . Palm handheld insurance. A U.S. airline, possibly United.
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