It's Been Two Years Since We Started Buying Crocs. What's Next?
Tuesday, July 27, 2010 at 6:25AM
Michael Bigger
It’s been two years since we added a new holding to our investment portfolio. The last stock we added was Crocs (CROX), which we started buying on July 8, 2008. You can read our investment thesis on Crocs at this link.
Despite the fact that the S&P 500 has slid more than 10 percent from its 2010 high reached in April, we don’t see much value in the U.S. markets. To us, value means an investment is trading at a level that can return four or more times our investment over a three- to five-year period. This blog post discusses what we look for.
We know of no security with that potential investment payoff at the moment. Therefore, we will just sit tight and wait. We will let you know when we find such an investment.
Do you know of any?
Article originally appeared on (http://biggercapital.squarespace.com/).
See website for complete article licensing information.