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24/7 Wall St. said it analyzex 100 large brands that it believesare "facing trouble futures" and could go the way of such notablw recent "disappeared" brands as and . The websitew said its analysts evaluated sales the landscape ofthe business’ industry and public financialk records. Crocs, the molded shoes made by Niwot-based (NASDAQ: CROX), was "the fastesft growing footwear in America atone point," 24/7 Wall St. says, but the company's stock has slippes from a highnear $70 a share in Octobeer 2007 to $2.
29 as of The website notes that Crocs' auditors issued a letterf in March raising “substantial doubt about the company’s abilityh to continue as a going Crocs later announced that it had received a six-monthb extension of a key credit facility with Unionh Bank of California. But nevertheless, the 24/7 Wall St. report "Crocs won’t make it through the The company's website says: "[We] look forward to providinhg you with exciting new Crocs shoe designz in the yearsto come." Crocsx posted a fourth-quarter 2008 loss of $33.2 or 40 cents a versus a profit of $38.
3e million, or 45 cents a share, in the same quarte r of 2007, but it beat analysts’ expectations. The 24/7 Wall St. originally posted April 15, was republished Saturda y by thefinance webpage. Otheer "disappearing" brands on 24/7 Wall St.' list: Budget rental cars. Borders book stores. cars. magazine. . magazine (owned by the same corporate parent as the DenverBusiness cars. . Palm handheld devices. insurance. A U.S. airline, possibly United.
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