Crocs, the fugly foam shoes only an escalator-suing personal injury lawyer and a pediatric reconstructive plastic surgeon could love, are doomed. The company expanded like crazy to meet infinintely expanding global demand, only to find that no one replaces indestructible shoes in a recession.
They have big debt to pay off by September and no way to do it. One fund manager who sounds like he's short Crocs told the Washington Post, "The company's toast. They're zombie-ish. They're dead and they don't know it."
Of course, they won't go away. Caterers will still wear them, and they'll be floating in that garbage whirlpool in the middle of the Pacific for. ever.
