analysts are coming out with the positives, putting in place an earnings run. forget the insider selling stuff, its all behind us now. looking forward, its all about earnings and continued growth. Chinese women are increasingly migrating from coach to kors bags. this is not my assumption, but rather real life trends I have been witnessing since last year. Europe continues to be strong as we have been seeing last few qtrs. and we all know how popular it is here in the u.s. the stock might have minor pullback. but look at the over all trend, it has been reversing and keep turning back to the 60 direction.
The market is not forgetting the insider selling stuff, that is why this strong market has moved in great numbers for companies that are no where near the growth of Kors yet Kors just rocks along 55 -59 and will do it until management shows the market all the great things outlined in this board. This has been dead money for three months and will continue until earnings.
I am betting you won't hear about insider selling in the kind of volume as you saw last qtr. for one thing, there is little left to sell. for another, if earnings and growth is intact, investors will come to see there is no relations between insider selling and the direction the company is moving.