That's right it isn't the whole truth. This is more like it:
"We also like to see that Maverick Capital owns Coach shares. This $10 billion hedge fund is run by Lee S. Ainslie III, a prot�g� of Julian Robertson at the legendary Tiger Management fund. Maverick also owns Union Pacific (UNP - Cramer's Take - Stockpickr - Rating) and Qualcomm (QCOM - Cramer's Take - Stockpickr - Rating) stock.
Another positive for Coach is that Viking Global Investors also owns the stock. The New York-based $3 billion long-short fund invests in U.S. and European companies."
He forgot the part about Viking Global Investors. And oh yes, the $1B share buyback.