The market is still pricing $CROX like HeyDude is a permanent write-down rather than a one-time impairment. Strip it out and you’ve got a 6.7x P/E business generating $659M in free cash flow, one of the cheapest branded consumer names on the market. @TheFinanceCorner digs into why the discount is overdone and what the core Crocs brand actually earns. One of our top picks from this week’s edition.