Niwot-based . and Golden-based have been identified as two of three “one-hit wonders” by the online news program .”
The business news program said that as in the music industry, where an artist has one hit song and then vanishes, a similar scenario happens with some companies. They go public, have exciting products and hot stocks, experience lofty gains, but then struggle as their businesses become increasingly less relevant, said The Daily Ticker.
It noted that Crocs reported a 43 percent decline in profits for its most recent quarter.
It said Boston Market, once “synonymous with hot IPO,” isn’t even publicly traded anymore .
The third company identified as a “one-hit wonder” is TiVo.
Howard Pankratz: 303-954-1939, hpankratz@denverpost.com or twitter.com/howardpankratz
