Yes, AFTER earnings I agree 1000%
KORS has been following the same pattern, after blow out earnings & guidance stock breaks out, hits record highs, then mgmt stops all momentum by issuing an SPO where the stock drops significantly, bounces up a little then stagnates for months. I suspect the catalyst will be earnings just like the previous tiimes except in this case there will or should not be any more SPO's later.
Seriously, does anyone believe we would not be in the 75-80 range if not for the three SPO's?
It's going to take months but the bustout will happen & remember while analysts can be wrong, Goldman Cachs, Citi, Morgan Stanley all have KORS on their list for best stock of 2013.
Is this a starnge coincedence?