This mania will insure all downside will be built in before earnings., since we know the earnings will have some disappointments. I expect the conference call guidance will provide renewed promise for Kors. It just doesn't matter when you buy this stock as you experience consistent and persistent growth forward.
How do you know the "earning will have some disappointments"? No one from KORS has given any indication that business has slowed or growth has slowed. The CEO already stated that he did a lousy job of explaining the small drop in margins last quarter. They have told us for many quarters that same store sales would not keep growing over 20 %. A few analysts downgraded before earning a couple of quarters ago and we have seen earnings beat again and again. Just another buying opportunity to pick up a few more shares in the Feburary price range.