Saturday, May 10, 2008

CROX Purchase Up Big in 24 Hours

Dear Diary,

Well, I was saying to myself the other day after buying Crocs, Inc. (CROX), "If this deal doesn't make me money, I should just throw in my stock market towel and go buy rent houses." I was pleasantly surprised the next afternoon to hear that the purchase at $9.96 went to $11.40.

Earnings are expected to be $1.70 to $1.80 per share this coming year, making the stock worth $17 per share on the lowest end and as reasonably as high as $36 per share on the top end.

Five deals like this a year, and you're rich.

Gene