Also in this playlist...
This transcript is automatically generated
A move on to -- this is the funds that -- got -- -- issues aircrafts reported fourth quarter earnings after the close yesterday.
Beat the average revenue last -- -- but on the other hand provided current quarter earnings outlook fell below forecast.
So what can we expect moving for joining us now for a first on Fox Business interview -- just horrible he's -- CEO and president has largely credited.
For turning this company around good to see John thank you very much for coming in appreciate it.
I wanna put up for our viewers a one -- stock chart I know your focuses on getting the best product to the consumer satisfying.
There needs everything but there are investors out -- the watchers program and they look at this chart.
And even -- note Goldman Sachs came out November and said that your stock is way undervalued it should be up -- that I think their target is closer to twenty.
-- -- -- -- What do you think investors are missing.
Right now when they look at Crocs and and the work that you would done in in really revamping this organization.
Well first thanks for having me I I think you know it it it is very difficult not to understanding global brand like -- for investors.
With the majority of our cash overseas.
Today in building cash over the last three years.
It is hard for them to to kind of understand why we don't repurchase shares or why we don't -- cash flow what would you tell you right way why don't you do those things.
Well you know I think -- we talk about retail expansion that's the best use of our cash today we've grown our retail store count now over 535.
I think 37 stores.
At the end of the year -- -- -- use of cash.
You know and analysts attacks us change in the US to repatriate money into the US.
Insists not feasible for us to do that.
OK so I actually John I wanna I wanna pulled up the issue here because this is news to me that you're actually putting leases in the Crocs I haven't seen -- -- -- -- a little bit.
Behind the times here but.
Wearing -- -- is obviously a little kids side issue that I'm holding up but.
-- you're talking how global your company is in nature weird are you opening stores what's the trend right now.
Yeah I think I think this should that you're holding up is very innovative take.
On a -- -- some all the voting -- that on there is for kids.
Very innovation designed innovative design very innovative construction if you look at how that she was put together.
That's really what the company was so is Bill Thomas is innovation.
If you look at some of the other new products.
That we bring to market this year fund colorful light weights.
Com and and that's really what brings consumers and the brands I think -- nearly day this week we didn't have the retail presence.
And we suffered.
With people so thinking only build clogs doesn't.
Reliance on just one of the ways John has turned his company run by way -- -- set some I don't wanna let slip.
Because I don't White House advisor on economic advisor on a couple of months ago we talked about repatriation of capital is of course.
You you have money abroad apple has about a 150 billion dollars -- broad.
The White House continues to claim that if they change the tax was they had a tax holiday to allow that money to.
To come back without -- -- it wouldn't affect the economy would affect your decision to grow here it seemed like you were disputing that where you're not.
Well -- I think many companies would repatriate.
And dollars to the US -- given the opportunity get a tax free basis.
I'm tightening other CEO's -- run other company -- I think we don't feel the same way as we've grown.
Our brands globally today and there's a lot of cash that is overseas -- Yes that I would dispute that idea and -- -- that you use it to grow here it could actually create jobs here if you if if there was a tax holiday.
Yes that's correct.
So -- showing here here growth outlook for first quarter 2013 right I projecting thirteen to 15%.
First you stand by that forecast John.
We'd always talked about it guy yesterday backlog with our you know key it wholesale partners -- -- You know significantly 15% year over year as we really go into the first half of the year with a lot of new innovative products a lot of confidence.
With our our wholesale partners here in the US cents.
I know -- 68% of our revenue internationally we're pretty well distributed company today.
-- and big company at that by the way your price to forward earnings ratio under ten as David as mentioned earlier it's seen as pretty cheap right now.
One point four billion dollar market cap and stock gained 2% -- the -- the Carville thank you so much for joining us from crack.
If you're looking for -- are -- good company that seems to be what we're talking about here John thank you very much appreciate it.
-- -- --
Filter by section