you are being too kind. KATE balance sheet is a disaster - I'm surprised this company is still afloat. Both KORS and COH have balance sheets without debt plus they have positive R/E.
I am short KATE.
Well, looks like the shorts were right on this one. I hate it when the shorts are right. But I humbly admit I was wrong on this one with my hat in my hand.
A value investor trying to size up a growth stock ... you got the wrong mindset and you will lose your money. KATE management is on an aggressive growth track, I've seen it first hand.
Sales and profits will be strong. You'll get burned on your short position next week. I predict $44 in 1 week. Sorry Bro. LOL