Well, looks like COH and KORS can live on the same planet after all; which means COH isn't going away, which means it's undervalued, which means it's going UP. I wonder if KORS will go DOWN? (I hold both.)
I wouldn;t go out and callCoach cheap but after being sold from 80-50, earnings became moot and as long as sales didn't fall, the company warranted a higher valuation.
Nike is trading at a 23 pe, with a 53B valuation with 2.3 X the earnings and cah of Coach. So on a valuation standpoint, COH WAS cheap. I didn't have COH but I don't the game just because I didn;t make money.