There are many ways to describe Crocs' unique footwear. Here's another one: "hideously overpriced stock... again." Investors may be mistakenly attaching quite a premium price to Crocs. Here's how it compares to some of its peers.
Crocs shares climbed some 9% in premarket trading on Thursday after the offbeat shoe company reported much better then expected second-quarter revenue and profits, thanks to lower costs and strong sales. Crocs earned $32.3 million compared with net loss of $30.3 million a year ago.