Choice Equities' Mitchell Scott making the case that $CROX is not a fad
ฝัง
- เผยแพร่เมื่อ 13 มิ.ย. 2024
- Mitchell Scott, Founder and Portfolio Manager at Choice Equities Capital Management, joined the podcast to make the case that Crocs, Inc. (NASDAQ: CROX) is not a fad.
For more information about Choice Equities Capital Management, please visit: choice-equities.com/
Chapters:
[0:00] Introduction + Episode sponsor: Stream by Alphasense
[1:36] What is $CROX, why is it interesting to Mitchell and $CROX growth story
[4:50] What is Jibbitz, patent protection on the product and consumer trends using the product
[8:22] $CROX valuation
[12:16] $CROX bear case and response
[16:44] Why aren't there more Crocs knock-offs
[17:40] Is $CROX just a COVID beneficiary and Crocs brand power
[22:01] Crocs core customer and fashion/age out risk
[25:04] HEYDUDE acquisition, go-forward with management's strategy around the brand, average customer of HEYDUDE shoes, knock off problem and why would one need multiple pairs of them
[34:19] How do overcome the bears $CROX worry that Crocs (and other brands $CROX owns) turns out to be a fad
[38:45] Why is $CROX the best buyer and owner of HEYDUDE?
[41:00] Endgame for $CROX / apparel line in the future?
[44:17] Final thoughts on $CROX: shifting HEYDUDE wholesale channel, worry about inventory buildup and this year's earnings
Today's episode is sponsored by: Stream by Alphasense
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I’m a teacher and crocs are very popular with kids. And the thing with kids is that their feet grow quickly so they’ll need more pairs. Also the shoes are very durable and great for summer and parents. When kids like them when they are little, they will buy them when they are older. Crocs to the moon
Yes! Crocs are extremely popular with teens and adults. The problem is Hey Dude. If Crocs gets that brand figured out then it wil be a powerhouse.
What do you think about the most recent earnings and Heydude’s results?
I think cash flow yields continue to be more impressive than those of any of the companies you’re currently invested in,
After watching I ordered my first pair. I shall test run this investment idea!
No jibbitz for me thought.
How'd it go
@@phantomcreamer they are handy and comfy, but to me still ugly
More likely to catch on than jeans were
@@pgustewill you ever buy another pair?
Crocs are worn by people of all ages. It has the widest demographic of any shoe. I have seen infants to grandparents wearing that shoe. Heck, .even dogs wear Crocs! Isn't Hey Dude a "seasonal brand?" They are great for the spring/summer/fall times. But, are they going to be worn in the winter? Uggs is a seasonal shoe and I believe that is a reason Decker's bought the HOKA brand 10 years ago. Hey Dude is not sold at Dicks Sporting Goods... They are not even sold in the Crocs Inc. stores! Thank you for this video!
Google cats in CROX! Less enthusiastic models, but 😂
😂@@GrantLeeEdwards
Haven’t seen a single crocodile wearing crocs, so I really don’t see how they’ll catch on with any demographic
Very funny😂@@SigFigNewton
I wonder how many free shoes they’ve sent to the MrBeast crew. Dude Perfect has 60 mil TH-cam followers vs. MrBeast’s 180 mil. He’s now selling chocolate & apparently HSY is more than a little nervous. So yes DP is likely an important development, though there’s only one whale that’s 3x bigger.
I don’t like the company. Free cash flow yield is too high.