I've been thinking the same way. The whole luxury group has been in the toilet. KORS, COH and KATE have all come down. KATE is down more than 25% in 2 months. Time to accumulate.
NWBO has been moving up since new money came in at $7.90. Wondering when the next milestone will be announced to propel the stock to higher grounds. Is it approval by more EU countries on the trial ?
Forget about the JP Morgan survey about women's handbag shopping preference. I think it is not as bad and people on purse forum are shying away from KORS and KATE is able to maintain that cache. KORS designs are seen as copycats.
Just wait for a day for the upgrades to come in and we'll be back to the mid-upper 20s. Like you said, this stock was beaten down by 30% in less than 2 months. Just too much for a sector that is still healthy. Middle American are still spending but cautiously. Must say that there has been a glut of luxury designers in the past few years and everyone is making similar bags. KATE by far looks more promising but they need to be careful with pricing in their apparel.
If earnings or guidance is not pleasing the street, the stock potentially could have a 15% haircut. That would bring us back to the low 40s. So if you don't want to sell your shares but want to cover your loss, at least collect some premium now.
Good luck to the true longs !