This nasty economy has taken many companies into it's death grasp, but for months it's been fingering Crocs, teasing us with the possibility that those hideous abominations to God and man would finally disappear.In July experts in these matters predicted the company would crumble as soon as September, but the end is still nigh, and may grow nigher. And you can blame PNC Financial Services for allowing Crocs to secure close to $30 million in revolving loans. It was bad investments that got us all into this fiscal mess, and now it's being made worse by adding bad taste to the decision making process.
Though shares of Crocs once hovered around $70 in 2007 and were as low as $6.65 last week, the company may even turn a profit in 2010 thanks to this new credit arrangement. Bastards! However, the question on everyone's mind is if they can really make a financial turnaround if they don't win back the Jews?
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