Crocs (CROX) - Get Report is the next MasterCard (MA) - Get Report. I have never seen so many trapped shorts in one name. The rap against this company is that it has a commodity shoe that can't be worn in the winter.
But these managers aren't idiots. They're developing less-commodity shoes with distinguishing characteristics and they're beginning a major international push that could mitigate seasonality. I think these shoes will fly out the door overseas.
More important, the bears were so vociferous here -- and they did
cover on the secondary offering -- that I'm beginning to think we're going to witness one of these spirals that puts some shorts out of business.
I remember like it was yesterday, when I recommended this stock at the Bank of America Consumer Conference this March when it was at $25, only to be heckled mercilessly by some bear who said I didn't know what I was talking about. Thank heavens I have become a statesman or I definitely would have punched the guy. This bear embarrassed me in front of my dad, who came to the conference.
Short, this one is dedicated to you: $50 is the next stop for Crocs -- a double from where I was heckled.
If you want a minerals play, look at
. I believe that's the best play here because it's copper
zinc. Nothing like it. Another $50 stock in the making. ... College students, listen up!
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At the time of publication, Cramer had no positions in any of the stocks mentioned.
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