Earnings, Grashopper ...

Earnings, Earnings, Earnings.

Can a 9 P/E stock goes down big? YES.

9 times WHAT?

See this previous blog from last week

Fallacy in Investment Thesis (SEE FALLACY # 2)

I rest my case :) If however, you follow these goons advice and bought the stocks ...

By Brad Skillman
April 14 (Bloomberg) -- Crocs Inc., the maker of the
namesake colorful clogs, said it may post a first-quarter loss
and cut its annual earnings and sales forecasts as consumer
spending slowed.
Crocs tumbled 28 percent in late U.S. trading.
The shoemaker, based in Niwot, Colorado, said today that
it will close its Canadian manufacturing operations to reduce
expenses. Sluggish consumer spending has prompted retailers to
slow orders of Crocs shoes, hurting sales.
``The retail environment in the U.S. has become
increasingly challenging as consumer spending and traffic
levels have slowed,'' Chief Executive Officer Ron Snyder said
in a statement.
The shutdown of the Canadian facility will contribute to a
first-quarter loss of as much as 5 cents a share, Crocs said.
Revenue will be as low as $195 million for the quarter. The
company previously forecast profit of 46 cents a share on
revenue of $225 million.
Annual profit will be as much as $1.64 a share, Crocs
said. Sales will rise 15 to 20 percent, or to as much as $1.02
billion. Crocs previously forecast profit of $2.70 a share on
sales of $1.16 billion.
Crocs fell $5.04 to $12.75 at 5:21 p.m. in trading after
the Nasdaq Stock Market had closed. The shoemaker has fallen 52
percent this year.
--Editor: Michael Nol, Stefanie Batcho-Lino.
To contact the reporter on this story:
Brad Skillman in New York at +1-212-617-2763 or
bskillman1@bloomberg.net.