At least one major investor thinks that things could turn around soon for Crocs (NASDAQ:CROX). The struggling shoemaker recently received a big vote of confidence from equity firm Blackstone, which invested $200 million in the company. Crocs' shares quickly jumped by 20% after the announcement.
In the video below, Fool contributor Demitrios Kalogeropoulos details how Crocs plans to spend that new load of cash, while noting that the retailer is changing its growth strategy in a way that could send more returns to shareholders over time. Still, Demitrios argues that prospective investors are better off waiting to find out what Crocs' management team will look like going forward, and how those executives plan to get the company's sales growth back on track.
Fool contributor Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool owns shares of Crocs. 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.
