COH is down on up market; necesssity in life and high valuation are catching up....GLW,QCOM,BLUDE up with market even with high valuation... dominate players in changing life style have long staying power in both market place and stock price.
Sounds like you haven't been following this stock for long. I heard the same broken record on 9/11 and holders of Coach were rewarded handsomely because the company delivered quality products that remained in high demand.
So tell me what has changed between now and then? Coach continues to grow thanks to its expansion in the Japanese market and domestic sales remain as strong as ever. In fact management delivered that same message recently in the wake of the hurricane and high gas prices.
You just seem too focused on your short term concerns (lumping all retailers together) while ignoring the strength of the company. I suggest you visit a Coach store near your home to determine if your fear is valid. I've done that and feel very good about this investment.
Alanr: that was 4 years ago time has changed for COH it's more matured co. You know that multiple will slide with near end of big growth period. No matter how much COH managements or analyists pumping, stock continued to drift lower after one day of up ticks. COH is very tired and unwanted stock now, better accept the fact and reinvest in other stocks that is similar to COH 4 years ago. You can not maximize time and money by hoping history will repeat.
L2L; thanks for remembering my favorite three stocks. BlUD will over take other two when contracts are announced soon Any major institution signing contract will make this stock really fly high. As you know that patient blood screening is must protocol for safe treatment for all sick patient in modern healthcare worldwide. Immucor leads in this capacity by far over powerful JNJ. No competitor in sight with FDA filing. JNJ machine only handle less than 15 % of speed and capacity.
You 68 year old fu-k must fit in pretty well with all the other trailer park trash in your double wide. You are an idiot. COH and retail are out of favor right now. So what it happens a couple of times every year. I can understand you are a daytrader at your age, but us younger folks can afford to wait 3 or 4 monthes until Christmas to make big money on COH. COH will be $38-42 by XMAS and you might be burried and be worm shit by then!
I agree 100%, COH Japan is doing extremely well .Two days ago I heard this from JETRO person and My wife is now in Japan checking Tokyo area COH stores.. When comes to stock price, investors dampened retail/appareal psychology plays bigger role then actual business numbers . so I am not very positive in holding my COH shares..will be selling into strength..