We suspect that Blackstone may have already identified several louboutin outlet candidates and we do not expect this to be a protracted search." Shares of Crocs (CROX +17.9%) trade at their highest level since July after the company says it will get christian louboutin uk back to buying back shares after working out a $350M investment from Blackstone. Sterne Agee thinks the retailer still has more house cleaning to do. Analyst Sam Poser says Chairman of the Board Tom Smach and two members of the management team who were also Felxtronics alums need to be louboutin uk axed. Other cheap louboutins shoe stocks are trading higher off the Crocs news: DECK +1.4%, WWW +1.7%, SHOO +1.7%, SKX +1.1%. Crocs CEO to retire as Blackstone invests $200M Blackstone (BX) has agreed to pay $200M to acquire a 13% stake in Crocs (CROX), the latter said late yesterday, adding that CEO John McCarvel will retire at the christian louboutin wedding shoes end of April. Blackstone will receive newly issued preferred equity that it can convert into common shares at $14.50 each vs Friday's close of $13.33, and which will have a christian louboutin sale uk cash dividend rate of 6%. The private equity firm will also receive two board seats. Crocs will use the proceeds to help pay for a $350M repurchase program; along with Blackstone's investment, the buyback will reduce the footwear maker's publicly traded common stock float by christian louboutin outlet uk 30%. Blackstone's investment comes after Crocs' Q3 profit dropped 71% to $13M on revenue of $288.5M. The company expects Q4 earnings to be at the low end of its guidance range for a loss per share $0.20 0.23 meaning the loss will be greater and for revenue of $220 225M. Analysts predict $0.19 and $222.25M respectively. Crocs will louboutin outlet uk also take charges of $47 52M in Q4 and may need to carry out further restructuring in 2014.cheap timberland boots
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