Crocs: Record Quarter, $2 Billion Stock Buyback, and Insider Purchases Drive

Record Numbers: In the second quarter, the shoe manufacturer crushes analyst expectations with a revenue of $1.179 billion and a profit of $4.55 per share. Forecast & Insider Purchases: An increased annual guidance combined with massive stock buys by board member Thomas Smach generates high buying interest. Stock Buyback as a Catalyst: Management demonstrates maximum confidence in its own valuation by increasing the buyback program to approximately $2.0 billion. With its iconic, highly profitable foam clogs, Crocs has established immense...