Hi Tim. I'm almost entirely in agreement with you and am quite happy I bought a nice fat tranche under $100.
On the subject of HeyDude, I think it's not just the lack of polarisation compared to the Crocs brand that's worrying, but also the fact that the brand hasn't cemented what its core is. If you look at their products for sale, it seems like a free for all in terms of silhouettes; Something needs to change there if the brand is to cement itself imo. I think even if heydude doesn't quite live up to management expectations, the share is cheap. I consider Terrence Reilly at HeyDude to be a free option essentially, and suspect that the growth that will change the narrative will come out of either India, Korea or China. I don't think Japan should be a tier 1 target. Of course, large buybacks also may be a catalyst for share price appreciation.
Hi Tim. I'm almost entirely in agreement with you and am quite happy I bought a nice fat tranche under $100.
On the subject of HeyDude, I think it's not just the lack of polarisation compared to the Crocs brand that's worrying, but also the fact that the brand hasn't cemented what its core is. If you look at their products for sale, it seems like a free for all in terms of silhouettes; Something needs to change there if the brand is to cement itself imo. I think even if heydude doesn't quite live up to management expectations, the share is cheap. I consider Terrence Reilly at HeyDude to be a free option essentially, and suspect that the growth that will change the narrative will come out of either India, Korea or China. I don't think Japan should be a tier 1 target. Of course, large buybacks also may be a catalyst for share price appreciation.
- Zaheer Jamal
Suspect you're right re: Hey Dude. Think if anyone can do it, Terence Reilly will. Thanks for sharing