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Michael Kors Holdings Limited Message Board

  • lorreenw lorreenw May 11, 2013 11:01 AM Flag

    insiders own 24 percent

    The last spo was not updated on many sites because they normally update at end of qtr The 36 percent was the number before last spo. 24 percent less than 50 million is a lot but I really believe they will not sell this time. I have been told by a lot smarter people than me that insiders are advised on there sells for fairly new IPOs. I don't believe a sell will happen this time. Does it matter? the price is going to spike on 29 May if your worried sell on that day and forget about it. Should have no losers than right? This stock is a hold for the next yr for me regardless of another SPO because if it hits its marks its a 100+ stock Christmas is coming in 7 months with KORS opening more stores world wide and new product launches...go visit a store its not the holidays and the stores are busy. Every stock has a story and this one I believe still will have a happy ending its not a LULU but I also think that stock is going higher...good luck

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    • Nobody knows if there will be another secondary public offering. However, I believe the number of shares owned by insiders is far less now! Perhaps Rich can chime in here. It was posted earlier that even if there was another SPO it would have to be much smaller. I believe one form owns 11 million shares and Michael Kors owns 4 million. Mr. Idol and Mr. Parsons have minimal shares left to sell...

      I will dig up the numbers this weekend...still hungover from Giants game last night...

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