Crocs: Our Financial Statements Are as Flexible as Our Shoes

It has been a bad year for Crocs. If you believe the company’s naysayers, the company’s shoes are a fad that has passed and are inherently unsafe. And Crocs’ share price has plummeted from more than $74 to less than $10 over the past eight months. And now the company is having to spend time assuring Wall Street that just because it makes a few mistakes in its quarterly filings, it really isn’t a big deal.