I didn't think I'd say this, but I think COH might be a sell short term. There are better retailers out there that seem relatively enticing. Specifically, BKE. They just issued a massive 4.50 special dividend (about 10%) along with their regular dividend of 20 cents. BKE is also expanding, not as much as COH, however, but still at a decent clip with SSS at 3.8% for october. Also, COH said FY 13 would be a rebuilding year. So, we still have a while for that to pass over us. Just some food for thought, still like COH long term but right now, I think there might be better values in the market.