OMG! at least he is a multi-millionaire. he built a 10B company from the ground up...what do u have???
sold 80%, book a nice profit for a week of work, other than the s&p making new highs, there's no news for pushing fb up over 3%...the remaining i sold ATM calls weeklies - will c what will happen...it's a strong resistance at this level...hope that it will correct under $60 again...cheers!
i c your point, but sometimes stocks react not according to reports, i am sure a lot of it during this earning seasons, vnce as one, kors did not pop, bidu, qihu, ua, nke, fb, gild, so on and so forth...to me fund companies and hedge fund managers gang up together to manipulate stock prices to their own interests using their own inventories, they are the ones that can drive the volume, not retail traders like u and me. those employed analysts will use all kinds of excuses to give negative headlines toward a stock or stocks that they will manipulate. that's what i've learnt
dow and s&p all time high, kors - down, fr 11:15 am, there's a total of around 120K coming in to buy in a 40 minutes window and push the price up more than $1 dollar, while the dow was up triple digits, after 1:10 pm, there's no bid...shorts came in and drove it down $1...towards the last 3 minutes of the day, there's over 110K coming in to buy and push the share up barely $0.15...go figure...
i like luxury brands as the fact is that the rich gets richer and the poor gets poorer. tif is a lux branch people know - there's no discount - like the LV, Gucci, etc...no discount - that's cater to the rich, when i was in new york spending my christmas last year, i saw a chinese shopper in the lv store buy 6 lv bags in one shot, u dont c local american do that.
kors is expanding and that's a fact. kors main source of income is still fr north america - 45% rev growth, europe had a revenue grew 125% in the fourth quarter, and japan.
so..that equation is where's Asia, ex-japan???? namely China, India and Indonesia - the massive growing middle class and riches - the potential
According to Ernst and Young, by 2030
China middle class - 1 billion people
India middle class - 500 million
Indonesia - 150 million
that's 4 times the current entire us population
to me kors is to cater the upper middle class, priced below LV, burberry and others but higher than coh. it's like lexus is priced under bmw and benz, but more than toyota and honda.
coh nowadays is a cheap brand - there's always a line up during holiday season at the outlets - and the selections are horrible, i also found that, depends on the location, the coh outlet store is twice the size of the kors outlet stores, may be coh just have tooooo much inventory left to be cleared, i am just guessing.
i am hoping kors will break above $100 - a very strong resistance after summer travel seasons, because the chinese will travel overseas and spend - why - it's cheaper to buy branch name overseas and bring them home
also, kors's hq is on hk - tax friendly and still a gateway to do business in china. it's a financial hub. hong kong + macau + shenzchen?? will form a golden triangle economy zone very soon - part of the pearl river delta project. hong kong is building a bridge across the ocean to macau - it will be the longest bridge 29km over the ocean in the world.
as u all know lvs, wynn, and mgm have over 50% of the net income from macau - gambling revenue, as vegas is no longer the main driver for growth but asia instead. they are both expanding in singapore and hoping japan - another heavy gambling country in asia.
i am seeing kors has reasons to setup hq in asia rather than in europe or us - lowest tax rates, ease to access capital, and growth.
people are worrying about growth in china - non-sense - dont listen to headlines
why - chinese govt is a communist government and is centrally controlled, they will engineer and maintain a growth rate of 7+ growth for decades to come, as the chinese government said repeatly - internally consumption and service driven economy rather than export oriented economy. it's like the central banks around the world purposely printing money driving down the interest rates.
i can go on and on and proving my point, but the fact is that the growth going forward will be coming out from asia, eastern europe, russia, south america, and africa. us and western europe economy are broken and it will take years or may be decades to rebuild the confidence, regardless of what data said.
kors pe - 29
nke - 25
ua - 69
vfc - 23
rl - 18
tif - 57
anf - 59
lvmh - 21 - traded in paris - LV
brby - 20 - traded in london - burberry
coh - 11
so...kors pe is 4 pts higher than NKE (a BIG NAME in sports and fashion) but's it's not a luxury name.
does kors expensive - no, it's growing faster than nike, it's growing faster than lvmh, brby, and coh.
i dare to say 80% of the so-called analysts are bookworms, read the reports, plug the numbers in the spreadsheets, blah blah blah in front of tv...how many of them travel overseas to see the real economy?
kors in the past year alone free cash flow increased 84%, peg is a little high, but given the growth potential, it's okay, p/s is 5.8 which is reasonable.
i am still not happy about nke. i am not happy that mm did not pull this stock down below $69, so that i can re-mortgage my house to buy. but i did took out a line of credit and bought UA...hahahahaha....i am very happy and pay back my line...i am HOPING/wishing you MM will drive this down to under $70 this time (as the bulls are in control now), so i will use my line of credit to load up !
i am in on the 2nd day after ER, i am hoping it will go over $100 after summer and over $115 around Christmas time. kate has been sideways for 18 trading days after er. ic kate will be kors main competition going forward, COH is done.
yes, kate missed, but there's no drastic reactions to the stock price - been trading sideways for the last 18 trading sessions. kate is up 2+% today while kors is down. i am just riding along kate and kors at the same time.