1) There is so much bad news and low expectations already built into the price of COH and other retailers... sure it can lower... and that represents an opportunity to but more stock.
2) When people make posts about "stores", i think they forget what a virtual,on line world we live in... and that many people go to stores to check out merchandise... then buy it on line. The COH website is very busy, I"M sure..
Everyone loves to shop online, especially girls and women. Have you seen the COH website? It really is brilliant.... and updated constantly.
Excellent response. After I finished my post I had the same thought you brought to light. Is the "bad" news already reflected in the price. I think it would be foolish to assume that at least MOST of the bad news had not already been discounted. All of it? I don't know. I am pretty confident that Coach is fairly close to a bottom, but I still think it won't officially happen until the entire market capitulates....if it capitulates.
The web angle I never even considered which is why I love hearing other view points. Yes, I have been to their site and it is quite good. I guess my qustion to you and others would be- What is the benefit from buying from the site?. Is it cheaper? I really would be interested to know. You are right, though, that the web is an unknown when considering sales. I will try and find out their % of sales that are web based. Thanks for the tip.
At the end of the day I hope we can all make money. Also, shorting stocks (which I really love doing) is a loser's game LONG term. You are swimming upstream, however, I am a firm believer in adapting to the market and this is all that is currently working. My goal is 20% annual gains- regardless of what the market does. Being short, lately, is the only thing that will get me to that goal. Happy 4th everyone.