The major indices have moved back into positive ground, yet small-cap stocks continue to lag substantially. The
Russell 2000 is down 3.6%. Crocs (CROX 1.14, -0.76) has been a primary
laggard among small-cap names. The company recently posted
disappointing quarterly results, which featured slowing sales. Crocs
was once considered a hot growth company trading with a rich valuation
multiple, but shares are now down nearly 98% from their 52-week high
and trade closer to 16x trailing earnings.