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Michael Kors Holdings Limited Message Board

  • qofaslave69 qofaslave69 Jan 3, 2014 4:25 PM Flag

    KORS Up 2.4% This Week

    KORS rebounded slightly from the "Wedbush Warning" and gained 2.4% this week. The "Wedbush Warning" dropped the stock 5% so KORS has more ground to make up. The trading was light this week as KORS bounced off its 10 week line with less than 10 million shares exchanged the entire week. I suspect volume will pick-up next week as we get I to earnings season.

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    • institutions picked up for the qtr to 837 from 810 the smallest increase in several qtrs, but still a good sign we should be moving higher. I see the only way this stock gets to 100+ is with management guiding higher which I think is highly probably to we are nearing pop or drop time w/ market at a crossroad.

      • 1 Reply to lorreenw
      • Loreenw,

        You think KORS will deliver $1 of EPS this quarter (I do not) and that would give them $2.32 for fiscal 2014 with only Q4 left. They guided fiscal 2014 to $2.81 in November. That means they would only need to earn $.49 in Q4 to meet guidance ($2.32 + $.49=$2.81). KORS earned $.50 in Q4 2012. It is likely they will grow between 30%-50% and that puts Q4 between $.65-$.75 which is $2.94-$3.04.

        Don't you think if they will guide the $2.81 to $2.85 minimum?

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