[ahnuld]

Gotta love it when you short a company and then get to watch them make horrible managerial decisions:

"Crocs to Buy Back 1 Million Shares
Friday November 2, 7:40 am ET
Crocs Board Authorizes Repurchase of Up to 1 Million Shares of Common Stock

NIWOT, Colo. (AP) -- Colorful plastic shoe maker Crocs Inc. said Friday its board approved the repurchase of up to 1 million common shares, effective immediately.

Share repurchases under this authorization may be made in the open market or in privately negotiated transactions. The timing and actual number of shares repurchased will depend on price, corporate and regulatory requirements and other market conditions.

The company currently has about 81.6 million common shares outstanding."



They dont have a very large cash position, in fact this would pretty much use up all the cash on their balance sheet.