FROM THE NOT-SO-SURPRISING DEPARTMENT: Companies that Make Crappy Products Might Go Out of Business

Crocs, Inc.'s auditors have found that there is "substantial doubt about the company's ability to continue as a going concern".

That's fancy accounting talk for go the hell out of business.

Now I know some of you might own a pair of Crocs and may even like them but it's fair to say one thing, they are pretty hideous looking.

People that wear Crocs out in public deserve ridicule. Plain and simple. The one exception may be healthcare professionals, as they are not subject to any sort of fashion participation at their jobs.

Accordingly, the market for this product is shrinking and shrinking fast. As a result, revenues are also shrinking and they can't get a new line of credit. Hold your breath, this financial downturn may have a upside after all!

Audit raises ‘substantial doubt’ about Crocs as ‘going concern’ [Denver Business Journal] Sphere: Related Content