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Michael Kors Holdings Limited Message Board

  • qofaslave69 qofaslave69 Jun 25, 2013 11:34 AM Flag

    Nice Bounce

    Off $56.15 yesterday... But, $66 to $56 after blowout earnings is not the stuff of leaders...

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    • Whipsaw again and again and again. Somebody is making money week after week month after month. One day it will become a true leader and the loyal followeres will complain that it took too long and the 4th SPO if not for that we would be at an $100....LOL long and holding to my conviction. I need to come back to the world around christmas time and see where we are at

    • I actually agree with the assessment of Dave Weiner of Deutsche Bank.

      His price target on Michael Kors is $70: “Key drivers: (1) huge global accessories share gains, (2) an impressive NA retail store runway, (3) continued F14 productivity lift via shop-in-shop conversions, and (4) tight promotions. While further insider sales & mgmt. warnings that trends will ‘normalize’ on tough discounting compares are risks, we believe this is already known.”

      The price target is a bit low at $70. He is wise enough to put a hold rating on UA and LULU...

      When was the last time KORS got a bounce from an upgrade or intiation with a higher price target..

68.34+0.39(+0.57%)Mar 3 4:05 PMEST

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