Sarasota, FL (PRWEB) June 11, 2007
StockPicking.com the stock alert newsletter known for its incredible results announces that on Friday, June 08, 2007 it had completed its valuation research comparison on Deckers Outdoor Corporation (NASDAQ: DECK) and Crocs, Inc. (NASDAQ: CROX).
In the report the newsletter has submitted to its subscribers, it states that in its comparison valuation Deckers Outdoor Corporation is estimated to make $4.49 a share in 2008. At the current stock price of $90.78 a share, DECK is trading at 20 times next year's earnings estimates. With a 5 year estimated annual growth rate of 15.3% a year, the stock has a PEG ratio of 1.32. Crocs Inc., on the other hand is expected to make $3.80 a share in 2008. At the current stock price of $86.10 a share, the stock is trading at 23 times next year's earnings estimates. With a 5 year estimated annual growth rate of 25% a year, the company has a PEG ratio of .91 and is still below one time its estimated annual growth rate. The valuation results are well below the industry average making CROX look undervalued compared to its competitors.
A spokesperson for the newsletter stated in relation to Crocs Inc., "We continue to like the stock for the second half of the year and believe it will be one of the retail winners for the holiday season. The ability to accessorize the footwear with its own jewelry so to speak could make Crox a must have with kids. Due to the significant rise in the stock price as of late, CROX may be due for a slight correction, but any pullback may be a good opportunity to average back into the stock." The newsletter alerted the stock in May at $68.20 a share and again on June 7th. Last check the stock has blasted higher to $89.45 a share since the newsletter's alerts.
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