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Stock Market & Financial Investment News

News Breaks
December 10, 2012
17:28 EDTCROXCrocs increases revolving credit agreement to $100M
Crocs announced that the company entered into an amendment to its amended and restated credit agreement, expanding the existing $70M line of credit set to expire in December 2016 with a five year $100M revolving line of credit, which includes a 50 basis point reduction in interest rates over the existing line of credit.
News For CROX From The Last 14 Days
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September 12, 2014
07:26 EDTCROXCrocs rival says company aims to create monopoly, Reuters says
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September 11, 2014
10:00 EDTCROXOn The Fly: Analyst Downgrade Summary
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09:55 EDTCROXCrocs retreats after Buckingham downgrades citing negative trends
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09:18 EDTCROXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: lululemon (LULU), up 15%... Sigma Designs (SIGM), up 7%. ALSO HIGHER: JDSU (JDSU), up 13.8% after announcing that it will separate into two publicly traded companies... Wet Seal (WTSL), up 4.5%, upgraded at B. Riley following Q2 earnings results... Gogo (GOGO), up 5% after announcing partnership with T-Mobile (TMUS)... Digital Ally (DGLY), up 8.4% after announcing plans to introduce "bullet camera" option at October police conference. DOWN AFTER EARNINGS: Restoration Hardware (RH), down 5%... Five Below (FIVE), down 5.6%. LOWER: Radio Shack (RSH), down 8% after reporting Q2 losses, stating that it may need to pursue bankruptcy... E2open (EOPN), down 29%, downgraded at Pacific Crest and Northland after the company announced preliminary Q2 earnings results... Twitter (TWTR), down 1% after announcing that it will offer $1.3B in convertible unsecured senior notes... Crocs (CROX), down 2.6% after downgraded at Buckingham... Macy's (M), down 1.3% after downgraded at Sterne Agee.
07:43 EDTCROXCrocs downgraded to Neutral from Buy at Buckingham
Buckingham downgraded Crocs to Neutral based on slowing sales trends and incremental FX pressure. The firm does not believe a major sales inflection will occur until Spring 2016 at the earliest and notes Croc's profit improvement plan does not provide a time-frame for growth. Price target lowered to $13 from $20.

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