The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor/analyst Austin Smith discusses topics across the investing world.

In today's edition, Austin discusses why he thinks Crocs still has a lot of room to run up. Far from the goofy shoes that gave it its start, the company is diversifying and moving into new product categories. Couple its steadily growing free cash flow with the fact that the company has no debt, and you've got the recipe for a high-flying stock.