Crox clearly is showing good progress and results. The MM want to pick up some cheap before the next quarter (usually croxies best) so they are down grading forecasts, etc. Time will tell, but looks to me like Crox is on the way to showing good returns and dominating a unique knitch market that its "ugly plastic shoes" created out of nowear (nice pun, don't you think?).

GO CROX.

MUL

Crocs left investors disappointed with its first-quarter outlook, after reporting fourth-quarter net income of $5.6 million, or 6 cents a share, up from $4.7 million, or 5 cents, earned in the final three months of 2010. Quarterly revenue generated by the Niwot, Colo.-based maker of footwear rose to $203.7 million, up from the prior year's $179.2 million but less than analysts' consensus of $205.3 million. For the first quarter, Crocs projected earnings of 24 cents to 26 cents a share on revenue of between $263 million and $268 million. These would both be short of the FactSet-derived average forecasts: 30 cents a share and $268.8 million, respectively.