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?
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.
Hey Rich, Every SPO that management has done has come at higher prices...correct? The last one was at $61.50 or thereabouts...correct? I would bet the next one will be after good news and at higher prices. The sooner, the better for long shareholders. I could see a relief rally after Sportswear sells out... can't wait...