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Michael Kors Holdings Limited Message Board

  • richrusso300 richrusso300 Mar 13, 2013 9:05 AM Flag

    Futures Indicate A Gap Up Opening

    Bid X $57 Ask X $57.10

    Nice Feb. retail report...

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    • U.S. Retail Sales were up 1.1% KORS and COH were upgraded...

    • Rich,
      I enjoy your post. Yes I have only been reading last few months and realize I have missed something as I commented last week and you also posted as to hoping not to jinx the gap up in the AM. I still wonder why we closed down so hard the other day over a twitter comment and no response from the research company that allegedly made comments? COH upgraded today and you would only assume if analyst think COH is undervalued KORS must really be undervalued with it falling after the SPO but most on the board who are on the buy side know that KORS stores are very busy and obviously far from the alleged slowdown. Thanks for any thoughts

      • 1 Reply to gbardtswag
      • Gbard,
        I think I made some mistakes Monday. I mis-inertpeted the report (I do believe its genuine as there was no denial) that China retail went down by mistake I read it thet KORS buisness was decelerating, while it seems it was only in China. 90% of all KORS buisness is US & Canada. I believe ASIA is about 1-2% & Japan & S. Korea are the more heave hitters for KORS so even if buisness in China is slowing it is so neglible & still by far internet searches in China KORS is #1

        Would not be surprised if many people/ firms that sold in a panic Monday are buying back now.
        Weather we will be range bound like the other SPO's remain to be seen but it seems the worst is over & am expecting higher highs the latest after Q4 earnings.

        Good luck.

        Sentiment: Buy

 
KORS
82.64+0.91(+1.11%)Aug 22 4:01 PMEDT

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