Crocs Stocks Get a Slight Boost
By Michael de Yoanna
Created 2009-04-03 09:51

By: Michael de Yoanna [1]

Category:

Posted:

Crocs Stocks Get a Slight Boost

News for the financially troubled Crocs Inc. has been looking a bit less glum this week. The Niwot-based company's shares recently climbed 4.8 percent to $1.53 each, according to The Wall Street Journal [2]. Yesterday, the company, which sells rubbery clogs, was also attempting to buy stock from its employees with an exercise of about $10.50 a share, writes the Denver Business Journal [3], which notes Crocs has also received a six-month extension of its credit with Union Bank of California. The company recently got a new CEO, John Duerden [4], a former president and CEO of Reebok International. In 2007, Crocs traded around $75 a share and were trading around $1 before Duerden's arrival.
Source URL: http://www.5280.com/blogs/2009/04/03/crocs-stocks-get-slight-boost

Links:
[1] http://www.5280.com/tag/authors/michael-de-yoanna
[2] http://cl.exct.net/?qs=c97b8353e0a07edf4914af22687bbb05e247cbd0ca4f3c6e02860a4b712ac1c9
[3] http://cl.exct.net/?qs=c97b8353e0a07edf01bcbcfb9d1ea1b31f74fafb9aabbfd804a300018fac2e5c
[4] http://cl.exct.net/?qs=c97b8353e0a07edfd4e5475e5a2d0df988d899ed3c0301dcd0942d074571635c