This is going to stay flat until earnings. That'll drive the next direction-obviously. The best part of all this is that we have a slightly lower forward PE than COH. Anything under $90 here is truly a gift. Fundamentally, $90 still very cheap.
Using KATE's valuation-we'd be $198 right now based only CURRENT EPS..not even forward EPS. And I keep seeing people calling KORS a bubble but I'm assuming most have no idea what they're talking about or how to do basic analysis.