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qofaslave69 377 posts  |  Last Activity: 22 hours ago Member since: Nov 6, 2005
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  • Reply to

    A wild theory

    by hbass1952 23 hours ago
    qofaslave69 qofaslave69 22 hours ago Flag

    John Idol has worked long and hard to crush the competition. He is extremely proud of the empire he has built. He is a talented executive who has manufactured one of the greatest retail stories of this century. It must be difficult to hear ignorant analysts bash his company day after day? They have jawboned this stock down to $80 from $100!

    The only people who really know what's going on is the KORS management team. I have a sense that they cannot wait to rights these wrongs of the past few weeks. It would not surprise me if the pre-announce earnings in the next few days. I know he wants to set these turkeys straight and shut them up.

    All of this KORS bashing started with Jim Cramer and Herb Greenberg. Those two are notorious hedge fund crooks who will make money on the movement of the stock. It would not surprise me to see a nice short squeeze to take this stock to new highs in the coming weeks.

    KORS is just starting to make its presence known in China. If they replicate the domination in China as they have in North America then Coach is done, and Michael Kors is under valued with a bright future. Time will tell? I like their chances...

  • qofaslave69 by qofaslave69 Jul 17, 2014 12:24 PM Flag

    The rumors of KORS demise are greatly exaggerated! I go on vacation for a few days, and every firm on Wall Street is declaring KORS growth is done. They are comparing Michael Kors to Coach!


    1. KORS is still taking market share from Coach
    2. KORS will report a beat & raise quarter.
    3. KORS discounting is minimal
    4. KORS ecommerce site will launch this fall.
    5. KORS is taking share in Europe

    I had a but order filled at $80! What a friggin gift! It will pay for my vacation.... Think of the lower prices as a sale.... Good grief this is too easy!

  • Reply to

    Hey Q

    by lorreenw Jul 15, 2014 5:30 PM
    qofaslave69 qofaslave69 Jul 15, 2014 7:14 PM Flag


    I have posted several times that KORS is discounting old inventory. You can see it on their website, and in their stores. Their new products are selling well, and I would bet they enjoy at least 20% same store sales comps. The new Sutton bag is taking over the Selma and Hamilton as their top selling handbag. While the margins may shrink a little, the revenues will be strong.

    KORS had a solid quarter, and not much has changed here. They continue to take market share from Coach in North America. They are doing really well in Europe, and starting to make inroads in China. What's not to like?

    I am an investor in the company, and do not scare easily. The stock saw five downgrades today. One would think that they missed badly on an EPS. report or guided down for the year? Neither of those things happened. I can afford to wait until management reports in August.

    The stock traded over 17 million shares today. I would love to know the short interest heading into earnings?

    I am going out to a nice seafood dinner, and have a few cocktails as I watch the sunset. I am not concerned about KORS. Check how CELG & GILD traded from January to April... They sold off after great reports...it happens.

  • qofaslave69 by qofaslave69 Jul 15, 2014 12:56 PM Flag

    KORS was downgraded by five firms this morning. More concerns about margins with Coach giving stuff away & Kate Spade having 75% off sales. KORS has been more promotional lately. But, their margins are healthy, and superior to their peers.

    The stock filled the gap from the February breakout. The stock is selling off on heavy volume. There is speculation KORS management telegraphed a weak quarter. I seriously doubt that.

    I am out of the country enjoying some R&R at the beach. Got my toes in the sand and a drink in my hand.
    Not worried about anything...

  • Reply to

    Retailers Tracked

    by anvboy Jul 14, 2014 11:52 AM
    qofaslave69 qofaslave69 Jul 14, 2014 12:44 PM Flag

    KATE & UA enjoying multiples in the 75-85 range.
    KORS stuck at 26... Will it bounce at the 200DMA?

  • qofaslave69 by qofaslave69 Jul 14, 2014 11:28 AM Flag

    KORS has traded down to its 200 daily moving average. It should see a bounce here as it trades under $87?
    If not, oh well....

  • Reply to

    Mark Brashear Hired-Menswear

    by qofaslave69 Jul 9, 2014 8:21 AM
    qofaslave69 qofaslave69 Jul 13, 2014 1:39 PM Flag

    Is there any reason to think that KORS will NOT take market share from Coach in menswear? I think they absolutely will. KORS has more traffic in their stores. The way I see it is that men go into the Michael Kors stores to buy their wives/girlfriends/significant others a gift. While they are buying theirwives/girlfriends/significant others a gift they buy something for themselves.

    I cannot tell you how many times I have been to a MK store to buy my wife a handbag and bought a watch or fragrance for myself. Now, if MK is offering men's leather or apparel it will make it that much easier of a sell.

  • SACRAMENTO, Calif. (AP) -- Gov. Jerry Brown announced Thursday that he signed legislation creating a $420 million tax credit for aerospace contractor Lockheed Martin in a bill that also includes other tax incentives apparently designed to benefit California-based electric car maker Tesla Motors Inc.

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  • Reply to

    Model X Waiting List?

    by qofaslave69 Jul 12, 2014 4:00 PM
    qofaslave69 qofaslave69 Jul 12, 2014 4:31 PM Flag

    Model X will be huge with the yuppie soccer moms...

  • Reply to

    Model X Waiting List?

    by qofaslave69 Jul 12, 2014 4:00 PM
    qofaslave69 qofaslave69 Jul 12, 2014 4:31 PM Flag

    I know this for a fact, and do not need a link...

  • qofaslave69 by qofaslave69 Jul 12, 2014 4:00 PM Flag

    The waiting list for the Model X is three times greater than that of the model S.
    The launch of Model X has been pushed back due to demand for the Model S...

  • qofaslave69 by qofaslave69 Jul 12, 2014 12:11 PM Flag

    KORS has announced they have provided over 5 million meals from their Watch Hunger Stop Program. Each watch purchased provides 100 meals. Which means they sold 50,000 watches of the one style. That is amazing.

  • Reply to


    by dianegest73 Jul 12, 2014 8:41 AM
    qofaslave69 qofaslave69 Jul 12, 2014 11:49 AM Flag

    I have no idea how much (if any) their margins may shrinkk this quarter. What I do know is that KORS management will guide their business conservatively while growing rapidly. I do not think their margins are an issue. KORS is discounting old inventory and that will help with revenues this quarter. Their new handbags are selling really well. They are spending money in their distribution centers, and ecommerce sites. They are hiring key personnel and that is expensive as well.

    When I buy stock in a company I am investing in their business. i must have faith in their management team and creative designers. I own AAPL because I believe in Tim Cook and Jon Ivey. I have owned IBM for a long time and trust Ginny Rommety willl guide the company better than her peers. I own KORS because I believe in John Idol, and the Michael Kors design teams. However, I do not believe KORs is a forever stock like the others I own, and will eventually sell at a higher price.

    In assessing the business of KORS I believe there are some folks on this message board with a better clue than most of the analysts. Piper Jaffray and Goldman Sachs seem to have the best handle on their business model.

    The technical traders are completely lost on this stock. I see failed three weeks tight patterns and cup with handle patterns that just fall apart. KORS marches to the beat of its own drum, and that isi why i do not trade this stock. I am still accumulating.

    One thing that puzzles me is; why does KATE and UA get multiples in the 70's and 80's and we asre stuck at 27? That makes no sense to me.


  • qofaslave69 qofaslave69 Jul 11, 2014 11:31 AM Flag

    Wells Fargo has been negative on KORS for a long time. They downgraded KORS when it was trading at $70 prior to blowout earnings in May. They know nothing...

  • qofaslave69 qofaslave69 Jul 10, 2014 9:36 AM Flag

    Do not over react to news from a bank in Portugal...

  • qofaslave69 qofaslave69 Jul 9, 2014 8:53 PM Flag

    Estimize is more accurate than the analysts. I would take $.85 on EPS. But, the revenues for KORS will be way higher than $861 million...

  • Reply to

    Mark Brashear Hired-Menswear

    by qofaslave69 Jul 9, 2014 8:21 AM
    qofaslave69 qofaslave69 Jul 9, 2014 6:12 PM Flag


    I guess the answer to your actual question of how they will guide for fiscal 2015?

    Currently, management has guided fiscal 2015 to $3.91...

    My best WAG; $4 to $4.10

  • Reply to

    Mark Brashear Hired-Menswear

    by qofaslave69 Jul 9, 2014 8:21 AM
    qofaslave69 qofaslave69 Jul 9, 2014 3:41 PM Flag


    CROX management team was run by drunks and crooks. KORS is quite different. But, I see the similarities in that KORS is a retail stock that has had a nice run.

    For this quarter I see KORS with blowout revenue numbers. Perhaps, even as much as $1 billion. Their EPS will beat expectations, and I would guess around $.90-$1.00. This quarter has seen stronger sales than last quarter.

    You are being observant in noticing the sales going on in the luxury retailers, and this is something new at Michael Kors. They are discounting some of their older style handbags. The new models are full price and some are selling exceptionally well. I am pretty certain their margins will continue to "normalize."

    Trying to grow a business as fast as they are cost money, and their SG&A will continue to increase. They just hired two executives for Asia, and menswear. They are building out their ecommerce site. They are building distribution centers in strategic locations, and this all costs money.

    Overall, I believe their sales are strong. However, the costs of expansion will weigh on EPS and margins. They have an excellent management team that will control spending as they continue to grow. When you buy stock of a company you are placing great faith in the management team. I am comfortable owning KORS right now.

  • qofaslave69 qofaslave69 Jul 9, 2014 2:56 PM Flag

    I would tend to agree with GS. Is KORS on their "conviction" buy list?

  • qofaslave69 by qofaslave69 Jul 9, 2014 11:33 AM Flag

    That was a nice reversal with good volume this morning....very positive!

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