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.

Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of lululemon athletica and Under Armour. Motley Fool newsletter services recommend lululemon athletica and Under Armour. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.