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Michael Kors Holdings Limited Message Board

  • bavaris7 bavaris7 Feb 25, 2013 10:00 AM Flag

    ignore the comparison to coh

    its always a push and pull. bears have no other excuses but to keep comparing it to coh and try to justify their views. in the not so far past, investors look to companies that are in hyper growth and give the stock a p/e premium. this is how the market works. as growth continues to expand, the p/e comes down. kors was trading over 40 p/e. but the growth has taken the forward p/e down to the mid 20 currently. this by any means, is cheaper than few qtrs ago. that interprets as buying opportunity in this current sell off. as the most recent qtr earnings and guidance indicate, the company is still in hyper growth. you can't keep believing coh is cheaper, as those bearish analysts are trying to persuade, since coh has slowed significantly. that's why coh p/e is so low. it is low for a reason. and that reason is certainly not because it is better than kors. kors is eating their lunch, taking customers away. if coh is such a terrific stock, investors would give it a much better p/e premium that what it is currently trading at.

 
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