Croc toast.
On Saturday I said that "I don't get flip-flops." That sentiment goes for Crocs as well. Generally, I don't know why anyone would want to wear a shoe with no back, held to your foot by only a thin strap. I never figured out the Crocs either. A hunk of rubber that you have to shuffle your feet to keep them attached. They were popular. Were. I think their popularity had something to do with nurses wearing them in hospitals. How that translated to people wearing them in public is beyond me. Now finally, it appears that the company is struggling . Last year the company lost $185.1 million, slashed roughly 2,000 jobs and scrambled to find money to pay down millions in debt. Now it's stuck with a surplus of shoes, and its auditors have wondered if it can stay afloat. It has until the end of September to pay off its debt. "The company's toast," said Damon Vickers, who manages an investment fund at Nine Points Capital Partners in Seattle. "They'r...