Discounting of merchandise and swrinking margins for a high end retailer, high end buyers do not like finding the merchandise they bought being sold on sale now the market is interpreting this as changes in fashion which will affect Kors going forward..
The market and recent margin stories, discounts etc continues to pressure Kors stock, the leadership within KORS must now take action to stop this continual selling pressure. Until management takes some positive steps this bleeding will continue until financials are reported and it must be good news..
I do not read charts either, but with options, I am usually trying to protect something or get a little more out of the positive moves when they occur, but generally I set a price in my mind and if I get there I am out of the option. That way the rgeed factor does not hit my decision processes.
Added more Jan 2016 80 calls today. Just hope we are not headed for a big correction, but hopefully by Dec 2015 we will see the light at the end of this cloudy tunnel.
And as you know, this no interest loans program was pushed hard when they opened a new store which explains the healthy revenue picture for all newly opened stores.
I give you, you are lost in the revenue numbers and do not want to see where those dollars actually end up. Good Luck to you and buy some more, given the revenue numbers this is a buy, but that is not the whole story here.
You keep posting the percentage of the delinquency, you need to post the amount in dollar terms, not percentages. The size of their sub prime loans now exceeds the market cap for the company, two years ago this company was very small, now the dollars a very large but the percentages you quote are still about the same as two years ago..
80% of all this revenue is going into sub-prime loans that are now exceeding $1.2Billion which is now more that the net worth of this company.
I am looking for the same kind of feedback but for some reason few on this board grasp the size of these worthless loans outstanding, if the economy turns down watch out if you own this stock. Most of the pumpers on this board reference the percentages up or down but do not reference the moves to borrow money, to buy merchandise to sell to people on credit that may make a few payments leaving write-off's to offset revenue posted as earnings.
Insurance that is offered to the buyer, but CONN tries to make sure that the loan is acquired by the purchaser and IMO this practice is similiar to buying protection when you buy products at wal mart except CONN pushes this insurance more agressively than new car dealers when you buy a new car..
Quiet, you are right to the point here. I will go to CONN/s site, I looked this am and did not see anything, will go again based on srg045 comments. For those of us living on the west coast, we have something to do at 4pm in the afternoon and somethimes it is not exciting but required. Again srg045, thanks for your observations and quick read on my personality..
If it was as good as you say, why has the media said nothing? Nothing reported via social media on this conference can be found anywhere this morning.
What a spectacular investor conference announced for Sept 22nd. I cannot find a single word regarding this conference that was scheduled for 6pm yesterday. Do know anything about this conference?
Your post are so inlighting, I just cannot wait to check into the KORS board to get your personal feedback and interesting comments, which are just what this board is looking for, so keep your comments and replys flowing especially those in response to your own postings. All the best to you and looking forward to more of your intelligence.
Now you are beginning to understand the problem, but you continue to only look at percentages from past to present not the actual $$$$ impacts.
Also, given your idea of spinning off the financing arm, IMO it could be more like giving your bad loans, which is 80% of them, to a collection agency, which is more likely and getting 5 cents on the dollar back..