It is sad when a stock trades on a narrative instead of earnings...
Nothing has changed here...Beat and raise quarter again.
Shorts must cover by Friday afternoon...
Over 8 million shares sold short as of July 15! I would bet there are even more shorts as KORS has been weak the past two weeks. They must cove at some point...
Spread over 983 square feet claiming space in prime hot spot, UB City Mall, the Michael Kors store is all set to wow Bengaluru's shopoholics. While the brand already has stores in Mumbai and Delhi this is their third foray in the Indian market. Already the MK symbol is popular amongst fashionably aware Indians with their bags being a favourite, their stores also will be stocking watches, jewellery, fragrances and eyewear. So if you happen to stop by garden city, do make it a point to swing by their spanking new store, if not to shop maybe only to stalk!
I am not nervous at all. I look forward to Monday, August 4 when John Idol sets the ignorant analysts straight. The fact that Michael Kors has grown so quickly is the reason for the slight margin decrease. They had to hire expensive executives, and rent expensive building without any return revenue.
The bozos who make up stories that KORS has been discounting have not been to the stores to see what is really happening. They just take what they see on TV and read on the internet as Gospel. I have explained many times the e tent of the "discounting" at Michael Kors stores.
If John Idol is the CEO that I think he is...analysts are going to be looking really foolish on Monday, August 4! Don't Worry, Be Happy!
The stock is priced for a disaster. I will not sell any shares until John Idol gets his shot at the ignorant analysts. I believe this will be a blowout quarter for KORS and we are looking at $.90 - $.95 EPS and $950 million in revenue. They will raise fiscal 2015 over $4 this quarter. I have no idea what will happen to the stock price. But, I do sense there have been a lot of professionals shorting this stock, and they will need to cover or they might get their faces ripped off.
Why buy Facebook not after it just soared this week? I agree it is a well run business. But, it might be wise to wait for a pull back under $70? I do not like chasing stocks as it has been a negative experience for my portfolio.
UA had ZERO INCOME GROWTH...
It does not matter as shorts are in control of KORS.
It is a safe stock short. There is no stock buyback program. Management never makes announcements between quarters. The stock is being heavily manipulated by the short sellers.
Eventually they must cover...
EPS of $.08 is the same as last year. ZERO EPS growth.... Income did not increase due to spending... KORS would be down $30 on this news....
BALTIMORE, July 24, 2014 /PRNewswire/ -- Under Armour, Inc. (UA) today announced financial results for the second quarter ended June 30, 2014. Net revenues increased 34% in the second quarter of 2014 to $610 million compared with net revenues of $455 million in the prior year's period. Net income in the second quarter of 2014 of $18 million was unchanged compared with the prior year's period, largely reflecting the planned timing of marketing and innovation expenses. Diluted earnings per share for the second quarter of 2014 were $0.08, unchanged from the prior year's period.
What an intense experience... Wish I could share photos with you....
Do not worry about KORS! The loser shorts have been controlling this stock.
It will bust loose soon...
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...
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!
NOTHING HAS CHANGED HERE!
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!
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.
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...