Crocs, Inc. (NASDAQ: CROX): 11:22 AM NYC time: Mazama Capital Management, for one. Their May 4th SEC Schedule 13G (statement of acquisition of beneficial ownership) discloses that they own 3,019,005 shares of Crocs, Inc. common stock, which represents 7.89% of total shares outstanding, which is probably one of the largest single positions, though they may hold it in various account or for various clients. Mazama’s stated investment philosophy is as follows:
Crocs, Inc. (NASDAQ: CROX): 10:45 AM NYC time: Finally had a chance to listen to the Crocs conference call. Here are some of the key points. Please excuse my typos and shorthand. My comments in [brackets].
Quote from Treasury Secretary John Snow:
–It is “a matter of extreme urgency” that Beijing allow the yuan to rise faster and further against the dollar.
–“Let us be clear — we are extremely dissatisfied with the slow and disappointing pace of reform of the Chinese exchange-rate regime.”
–It is “imperative” that China move “as quickly as possible.”
–Snow also prodded Europe and Japan to accelerate economic growth in order to create larger markets for American goods.
The bottom line is…
From the May 8 NYT:
Who’s Crazy Now?
By PAUL KRUGMAN
Some people say that bizarre conspiracy theories play a disturbingly large role in current American political discourse. And they’re right.
For example, many conservative politicians and pundits seem to agree with James Inhofe, the chairman of the Senate Committee on Environment and Public Works, who has declared that “man-made global warming is the greatest hoax ever perpetrated on the American people.”