The Upside to an Economic Downturn

By Mr. Atoz in Smoking Bolts, Weird Ass Novelties

Okay, the stock market’s in a tailspin, and the money you sunk into your retirement account might as well have been sent to the Nigerian Petroleum Ministry. Still, all is not completely dark. Soon, Crocs will be a thing of the past. A year ago, stock for the makers of ugly-ass footwear was trading at $75 a share. Since then, it’s lost a bit of value—a little over $74 of value, to be precise. Investment analyst Alyce Lomax doesn’t think much of the company’s long-term prospects:

Even shoes that go through fad phases will win over some lifelong fans, if not the masses, while the styles are hot. So, yeah, a few pairs of Crocs may still be around in five years — but the crazy double- and triple-digit percentage growth that attracted investors to the company in the first place is a thing of the past.

So it looks like fans of comfy but hideous shoes will have to say goodbye to Crocs and go back to their Ugg boots. Meanwhile, investors would be well advised to get out of shoes entirely and invest in hatmakers. Everyone knows that in a full-blown depression, all the men wear hats.



7 comments

[...] Must Be True Love - Candy Kirby The Upside To An Economic Downturn - Agent [...]

11.14.08 | 2:00 pm
paris herpes

I saw some hipster dude walking his little ass dog in them the other day. I am so glad these ugly ass shoes will be novelty items soon. Only kids and old people should be allowed to wear them! Other than that, everybody has NO excuse!

11.14.08 | 5:22 pm

[...] Crocs are doomed - ABH [...]

11.14.08 | 5:54 pm
clever name here

What will Mario Batali wear now?

11.17.08 | 1:30 pm
elizabeth

maybe just old people. kids keep getting the damned things stuck in escalators.

11.17.08 | 2:26 pm

[...] what’s ur damage? srsly. « Sunday Bitter Sunday #7 Goodbye to Crocs November 17, 2008 Well, it looks like I can cancel the eventual SBS on Crocs. That fashion crime will soon be a thing of the past! [...]

11.17.08 | 3:39 pm
theyellowperil

is this bad? –> after i read your post i now kind of want some ugg boots….

11.20.08 | 10:44 am
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