Shares of foam clog maker Crocs (NASDAQ: CROX) were down 3.8% today as of market close. There was no specific news from Crocs to cause the pullback. According to The Conference Board's Consumer Confidence Survey, households are feeling the most pessimistic about the outlook for income, business, and labor market conditions since early 2013.
Crocs (CROX) closed the most recent trading day at $52.88, moving -1.14% from the previous trading session.
Value investing is a time-honored and battle-tested investing discipline that focuses on finding and investing in stocks that are underappreciated and thus undervalued by other investors and the market as a whole. The market may not appreciate their potential, perhaps overlooking the value of a new business segment or growth driver or believing that current results are a passing fad as opposed to the beginning of a long-term trend. Value stocks are often mature companies and often (but not always) pay dividends or return capital to shareholders via share buybacks.