In this episode, Scott Becker takes a lighthearted look at Crocs’ unexpected 24% stock surge.
Why did Crocs stock surge by 24%?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is Crocs. So Crocs, which is that absolutely horrible footwear, I don't even think anybody that I know wears it anymore. If they do wear it, they're probably strange. And I say this, of course, all jokingly because I don't want to get canceled by Croc Nation. But Crocs rose nearly 24% yesterday.
And what essentially was an outbreak of people that are strange going to buy lots and lots of Crocs. I say that all jokingly. I know a lot of people love the Crocs, very comfortable in the weird kind of plasticky rubber way. It is what it is. But again, that stock is on fire. It's back to even year to date or so. It rose 24% yesterday. I don't think anybody saw that coming.
If you're the first person to call me at 773-766-5322 and tell me that you love Crocs and you hate this podcast, we will send you a one-hour Amazon gift certificate. 773-766-5322. Thank you for listening to the Becker Private Equity and Business Podcast.