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Warner Bros. Consumer Products, Inc. Grants License to Crocs, Inc. for DC Comics-Themed Footwear Line Tuesday February 13, 5:00 am ET
NIWOT, Colo.--(BUSINESS WIRE)--Crocs, Inc. (NASDAQ: CROX - News) today announced that it has entered into a licensing agreement with Warner Bros. Consumer Products, Inc. The agreement, which covers both Crocs(TM) footwear and Jibbitz(TM) shoe charms, among other products, allows Crocs and Jibbitz to license properties by Warner Bros. Consumer Products on behalf of DC Comics. The new Crocs(TM) footwear designs will feature DC Comics Super Heroes legendary characters such as Batman, Superman, Wonder Woman, and more. ADVERTISEMENT
"This exciting agreement with Warner Bros. Consumer Products is another positive step forward in the evolution of our licensing strategy," commented Ron Snyder, CEO of Crocs. "Partnering with leading entertainment companies like Warner Bros. will allow us to continually bring fresh, new products to consumers from all walks of life and we look forward to capitalizing on the many opportunities that exist going forward."
Karen McTier, Executive Vice President of Domestic Licensing and Worldwide Marketing for Warner Bros. Consumer Products added: "Crocs is universally recognized for creating diverse footwear for all ages and partnering their unique product line with the brands of DC Comics is a natural fit."
The new line will be available at select U.S. retail locations in summer 2007.
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Its shorted like 34%...There could be a short squeeze.
It is kind of a gamble. Est is 43 cents...If they say earnings were 54 cents and guidance is like 56 for next quarter....Man ....it will gap up like 10% at least and then wont stop.
But I am afraid of the reverse. I guess time will tell. Guess reminds me ..same thing happened with GUESS (GES) ...boy oh boy. With that twist of stock split...I swear I missed that one.
This is kind of scary for "me" especially cause I was in a gambling mood friday and bought this one heavy on MARGIN. Dont ask me how much I won this stock. Just thinking ab it gives me a chest pain. Let me say a lot of my money is on this one. If things go as I expect I might make or lose 4/5 thousand dollars easy.
Wish me Luck...
-------------------- This is not a recommendation to buy or sell securities.
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May be a dumb questions, but how do you find out what percentage of the float for a ticker is shorted.? I looked at Yahoo finance... But that's stale information.
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God enough with the drama. I think I am staying out of it. I called stockdoc and he says to buy it and forget it. It will go down/up but in two months he is predicting $60-$70
I dont think i will be risking my money. It is way toooo scary
-------------------- This is not a recommendation to buy or sell securities.
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LOL * sherri, i actually forgot i had some of this until it went up yesterday. Having another good day so far today. I'm still in the red on this (what a shocker!) but with summer right around the corner it should continue to rise. This stock was heavily shorted, i think we're seeing somewhat of a sqeeze. IMO, this is a good pick for the coming months. Its wayy overdue for a PR and they also report earnings in May, which should send this much higher. Could be a good time to jump in!
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