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Michael Kors Holdings Limited Message Board

  • qofaslave69 qofaslave69 Jun 27, 2013 11:36 AM Flag

    End of Quarter

    KORS is melting up like the rest of the market, on light volume. This is prolly just window dressing after a great quarter.

    KORS will report another blowout quarter in August. Who knows if it will move the stock?
    The firm is likely to raise guidance after reporting this quarter, and then ...BOOM...SPO....

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    • Rich, and Q are at the top of the KORS longs that have been aboard for a very long time. Both of you have seen the SPO's played out. I think Q in an earlier post mentioned July 2012 KORS was at $38. Kors in this bull market has actually made a nice run. Looking ahead to July 2014 if you told me it was $90.00 and I stayed for the ride I would be very pleased. I find it amazing that we all believe it is a given that 16 million shares are going to come to market as the final 4th SPO. I really still cannot figure out why Kors and Idol would want to cash out so fast knowing what a great growth story KORS is and why leave so much more on the table. I know Sportswear group will want out but top management might stay around. Whenever you figure you know what is going to happen Wall Street finds a way to remind you that isn't true. Time will tell. I wonder what price target Rich and Q have for July 2014?

      • 1 Reply to agcolony
      • Q is a good guy. He mentioned $38 July 2012 & I mentioned $50+ in March 2012. I guess we are both right.
        I believe in every fibre Sportsware will sell all or almost all 11.5Mn shares they own.
        As for Mr.Kors, I can't answer...why did he go from 22 mn to 4.5 mn? As he was once bankrupt he knows the real value of money & perhaps doesn't understand stocks? Who knows.

    • Yes, & after the SPO, I buy me some more! :-)

42.59-0.92(-2.11%)Oct 9 4:03 PMEDT