It was recenlty announced that billionaire Bill Gates has purchased shares of Crocs Inc (CROX) through his investment arm Cascade. This is the third purchase of CROX shares by Cascade. This one was placed for three million shares in the fourth quarter. Through Cascade he now owns over two percent of the once hot company.
Crocs beat earnings estimates recently. They still posted a loss but a smaller one then the street expected. Sales were down fourty four percent in the quarter.