Published first at https://www.3minutebreakdowns.com Meanwhile, Crocs’ acquisition of shoe business Hey Dude looks like a huge mistake. Sales have continued to decline and management said they expect revenues to drop another 7-9% this year. Despite that, Crocs’ valuation is getting to a point wher...

Published first at https://www.3minutebreakdowns.com Meanwhile, Crocs’ acquisition of shoe business Hey Dude looks like a huge mistake. Sales have continued to decline and management said they expect revenues to drop another 7-9% this year. Despite that, Crocs’ valuation is getting to a point where it makes sense to take the other side. The company has generated 923 million of free cash flow over the last 12 months against a current market value of only 5.6 billion dollars which means the company is trading at a dirt cheap valuation of just 6 times free cash flow.