why would anyone buy coach for dividend? its a declining business. and the dividend is weak. there are many solid companies with much better dividends. coach's dividend could be in jeopardy if their business continues to deteriorate. these so call analysts or expert traders, whatever they are from motley fools or seeking alpha, putting out articles like that. childish arguments.
IMO COH is one of the few luxury names I do NOT want to be in & I am not confident in their future. Yes they are making money & will continue to do so but their buisness is stale & getting out of fashion especially for the younger generation & any company that needs to change their entire corperate profile (to one similar to KORS) is not doing well or happy at their current buisness model.
In the US they are flat or even negative comps while dissapointing analysts in their upper & lower lines. It won't take long till others, especially KORS to catch up with them internationally where while a small presence is growing triple figures.
As for the divedend, many had to suffer a 40% loss to get a taxable 2% divedend.
Not for me.