It was only a matter of time that something so ugly would begin to bomb. After experiencing nearly 300% in 6 months, Crocs (CROX) has lost value just as fast.

In April 2007, the stock was sitting at $26, then the price moved up to $75.21 six months later. Now in April 2008, that very same stock sits at $9.68. The chart says it all.

The debate that has sparked is whether anything is left in this stock?

The problem with clothing products is the ability to run into fads. To be perfectly honest, I have no idea what else Crocs does than sell those funny looking pair of footwear, and I am sure that I am not the only one. I kind of look at it as a one hit wonder. They had their good moments and made some money, but now it is time to move on.

Now the company is shutting down factories, and insiders are dumping their shares left in right. Did I forget to mention that they already lowered their guidance for 2008. In an effort for a quick rise, the company is going to conduct a buyback on shares. There is just nothing that shows me it will move the way I would like it too any time soon.

Over the past couple of months, I have taken a liking to beaten up stocks, but it just doesn’t seem like much more value is left. DON’T BUY DON’T BUY!

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