COH is a major brand and KORS would be foolish not to pick up that company while it's at its weakest. COH is a very valuable brand.
Hey management... start buying out major competitors like like Coach, while your share price still allows you to do so! Or you could wait until your stock price goes down to 60 and you can always WISH you could have used your higher stock price to buy out your biggest competitor while their stock was depressed and yours was still OK. When opportunity knocks, gotta grab it!
KORS would virtually have a monopoly in the sector if they took over COH! This would be a natural merger as Men's Warehouse and Joseph A. Bank. Merger between KORS and COH will eventually happen.
Last time the stock popped 30% on update of clean audit. Any news of a clean 20F and you'll see an overnight double.
Sentiment: Strong Buy
Option traders are betting on a huge move to the upside from here. The short dated options call for a huge upswing in the next few days.
NQ Mobile options active on wide price movement
NQ Mobile on total call volume of 13K contracts (6K puts) according to Track Data. Active options volume suggests traders taking positions for large price movement.
Investors Vote On NQ Mobile, Results Are Overwhelming!
Market Wrap For June 4: Markets Slightly Higher On Light Volume, Beige Book
The investing community thinks shares of NQ Mobile (NYSE: NQ) have significantly more upside, according to a survey conducted by Benzinga.
The company's stock took a big hit after Muddy Waters published research very critical of the company. NQ Mobile responded by forming an independent committee that ultimately released a report rejecting Muddy Waters's claims.
One concern with "independent" committee investigations is their trustworthiness. Problems regarding the committees can range from data access to incentive alignments. In this case, a vast majority of readers trust the committee. Only nine percent disregard it while 83 percent trust its findings.
In addition, an outstanding amount of readers believe Muddy Waters should be punished if the research firm’s claims can be proven false.
Most important, price. Only nine percent of voters think shares will be lower than their current level one year from now (last trading at $9.84). The weighted average price prediction is $28.10, (using midpoints and assuming $50 for the $45+ category). That's 186 percent higher than Thursday’s close!
Read more: http://www.benzinga.com/top-stories/14/06/4614115/investors-vote-on-nq-mobile-results-are-overwhelming#ixzz349daW2kr
MS increased its stake in NQ to 6.3%. You don't bet against MS. Period.
Sentiment: Strong Buy