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Coach, Inc. Message Board

  • maxine_19096 maxine_19096 Sep 26, 2012 2:36 PM Flag

    The Fat Lady Hasn't Sung Yet

    Andrew Marder had this to say in a Motley Fools article today: "I like that Coach has fallen out of favor, and I think that it's going to surprise investors as the year goes on. While 2012 had a high-end slump in the early summer, all the signs I'm seeing are pointing to a strong Christmas for everyone -- including Coach.

    If investors are looking for a high-end retailer, Coach is a decent bet -- especially as the stock is trading at only 13 times forward earnings, while Lululemon and Kors are both over 30. I'm sure they'll do well, but that pricing pushes the companies out of my comfort zone. Coach is going to stay strong for a while, and with its relatively low valuation, I can afford to wait things out."

    So can I.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Coach was crashed for a reason last quarter, but whoever is still shorting this stock fails to realize the company has made a quick turnaround. In the last couple of quarters, Coach has little newness to offer to its customers. As a result, its market share is grabbed by Kate Spade, MK, and numerous small brands. Coach's management knows it, and that's why they roll out the Legacy collection this quarter. From my team's observation, Coach stores' traffic has gone up tremendously compared to the second quarter. Coach has won back the market share.

      If you still could not get over the lousy second quarter, you are too slow to react to new information. Don't wait until the earning day to cover your short position. It would e too late.

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