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: https://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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