Crocs, Inc. (CROX): A Bull Case Theory 

We came across a bullish thesis on Crocs, Inc. on RM Capital Partnership’s Substack. In this article, we will summarize the bulls’ thesis on CROX. Crocs, Inc.'s share was trading at $84.03 as of October 21st. CROX’s trailing and forward P/E were 23.42 and 9.47 respectively according to Yahoo Finance.

Crocs, once a niche footwear brand, has become a cultural icon as casual and lifestyle shoes have grown to represent nearly 40% of the $85B global footwear market, projected to grow at a 4% CAGR. This shift from gyms to daily life has been driven by decades of cultural...