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Michael Kors Holdings Limited Message Board

qofaslave69 303 posts  |  Last Activity: Aug 20, 2014 9:06 PM Member since: Nov 6, 2005
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  • Reply to

    Hey Q

    by lorreenw Aug 20, 2014 5:46 PM
    qofaslave69 qofaslave69 Aug 20, 2014 9:06 PM Flag

    Yes! I sold 1,200 shares at $79.50. I could not let a profit turn into a loss, and can always buy back if I want.
    Technically, the stock is a mess as the 200DMA is above the 50DMA. That doesn't really bother me.

    The firm delivered two stellar quarters and sold off heavily both times. The shorts seem to control the action, and that is not something I am interested in holding.

    I do believe that business is still strong at KORS, and they will deliver another great quarter in November. The stock should be $110-$120 by years end. Stocks like CELG & GILD did the same thing during the first part of the year.

    We are looking at a broken stock, and not a broken company. The bottom pickers have been scooping up some shares recently.

    KORS is not Coach...

  • qofaslave69 qofaslave69 Aug 20, 2014 5:04 PM Flag

    John Idol stated on the conference call that July sales were strong, and one item he cited for strong sales was the camo design. I do not like it much. But apparently, it is selling well....

  • Reply to

    KORS is Not KATE!!!...

    by jbspectrum Aug 12, 2014 12:37 PM
    qofaslave69 qofaslave69 Aug 12, 2014 1:59 PM Flag

    This is all I need to know about KATE…

    For the first half of 2014, the Company recorded a loss from continuing operations of ($52) million, or ($0.42) per share, compared to a loss from continuing operations for the first half of 2013 of ($47) million, or ($0.40) per share.

  • qofaslave69 qofaslave69 Aug 10, 2014 5:06 PM Flag

    I know they have....but the Street does not believe them...

  • Reply to

    COH in Take off Mode!!!...

    by jbspectrum Aug 8, 2014 10:30 AM
    qofaslave69 qofaslave69 Aug 10, 2014 1:50 PM Flag

    Short covering on Friday...

  • qofaslave69 qofaslave69 Aug 9, 2014 2:31 PM Flag

    There will be no price appreciation until management puts a floor on margin contraction. They posted stellar earnings the past two quarters and sold off both times. The stock is under valued at this point. But, it will not reach full value until management provides more transparency in regards to discounting.

    Every time the stock moves higher there is selling to knock it down. That is not a good sign for the longs...

  • KORS outsold COH in North America for the first time this quarter.
    KORS No. America revenue was $719 million while Coach generated $691 million in North American sales.

  • Reply to

    KORS forward PE lower than Coach!

    by equityrich Aug 5, 2014 10:15 AM
    qofaslave69 qofaslave69 Aug 5, 2014 10:52 AM Flag

    KORS 24% same store sales.
    Coach NEGATIVE 17% same store sales

    Coach saw declining EPS and sales. Shrinking margins and heavy spending...

  • qofaslave69 qofaslave69 Aug 4, 2014 6:41 PM Flag

    John Idol did a really nice job today of explaining his business plans since its inception, and it has not changed one bit. Analyst after analyst asked him about margins, and he was adamant that KORS will not participate in the promotional discounts to the level that other retailers are (wait until you see COH and KATE)! He practically scolded the analysts explaining the the blip on operational margins was promised years ago, and current margins are still healthy.

    The fact that KORS reported 40% EPS growth and 43% revenue growth was ignored because of normalization of margins is incredulous. Their same store sales are something other retailers can only dream of. Mr. Idol tried to remain calm, but it was obvious that the stupidity of the analyst focus on margins was not setting well with him. He mentioned several times that KORS growth is the best in retail. He is not lying either.

    The market is rigged, and Mr. Idol's company is not getting rewarded by Wall Street like some other companies. I see companies losing money and seeing their stock going ballistic because they have a cool camera or a stock split. You cannot fight the crooks on Wall Street.

    Mr. Idol will continue to execute and build his business. I am interested in their men's collection, and their ecommerce rollout. But, I will not let Wall Street take my money.

  • qofaslave69 qofaslave69 Aug 4, 2014 5:21 PM Flag

    Under Armour had ZERO EPS growth last quarter, and the stock went up 15%. KORS has growth on top & bottom lines and gets punished for a slight decrease in margins.

    I learned a long time ago not to fight Mr. Market. KORS was down 6% with 22 million shares being traded. The price action and volume tell you everything. The stock has sold off on great fundamentals. I cannot let a profit turn into a loss. I held on to this stock a little too long, and wore out my welcome:)

    The OP is correct that this is exactly why the retail investor is not participating in this market. I believe there are many young people who just feel it is a casino where the people running the game just take your money. There may be some truth to that? But, I believe if you buy growing companies at an early stage you can beat the indexes.

    It was a good ride. But, I am out, and will not return to the scene of the crime. Good luck to all longs!
    The COH report tomorrow will make the KORS quarter look even better...

  • qofaslave69 by qofaslave69 Aug 4, 2014 8:07 AM Flag

    Or get their faces ripped off...

  • Go to the website and listen to analysts backpedal...

  • qofaslave69 qofaslave69 Aug 4, 2014 7:53 AM Flag

    Herb is too busy eating crow...

  • Reply to

    Blowout quarter

    by highflier2go Aug 4, 2014 7:09 AM
    qofaslave69 qofaslave69 Aug 4, 2014 7:35 AM Flag

    Another beat and raise quarter with 24% same store sales. The runway for growth is much greater than sell side analysts have predicted.they will need to raise their prices after lowering them the past few weeks. Fiscal 2015 is now expected $4-$4.05...

    KORS gets the same multiple as McDonald's...go figure...

  • qofaslave69 by qofaslave69 Aug 3, 2014 4:45 PM Flag

    Michael Kors latest handbags are camouflage and getting widely panned for being FUGLY! Has this guy finally jumped the shark? Women from all over the world are ripping the new look.has he run out of designs?

    Perhaps, I have stayed in this one too long?

    Oh well, tomorrows earnings will be good. It may be getting time to unload shares?

  • Reply to

    Earnings must be good

    by highflier2go Aug 1, 2014 6:27 PM
    qofaslave69 qofaslave69 Aug 1, 2014 9:54 PM Flag

    Beat and raise quarter for sure.
    But, this quarter is not about earnings. This quarter is about margins.
    Can you believe it? Earnings do not matter, only margins do......

    The street will be shocked by the margin increase...but what about doscounting???

    $.90 EPS with $900+ revenues.....margin increase as well.... Bye-bye shorties...

  • Reply to

    One Session to Cover

    by qofaslave69 Jul 31, 2014 7:55 PM
    qofaslave69 qofaslave69 Aug 1, 2014 11:20 AM Flag


    Beat by a dime and raise by a dime.... Time to double down?

  • Reply to

    One Session to Cover

    by qofaslave69 Jul 31, 2014 7:55 PM
    qofaslave69 qofaslave69 Jul 31, 2014 8:33 PM Flag

    Management will raise fiscal 2015 guidance to $4 or more just to add insult to your injury shortie...

  • qofaslave69 by qofaslave69 Jul 31, 2014 7:55 PM Flag

    The shorts have one session left to cover their positions. If they have the courage to hold short over the weekend they will have their faces ripped off before they wake up on Monday morning. I am calling for a nice gapper on Monday after KORS reports.

    The report will be very good for longs, and very bad for shorts. The narrative has been far too negative on KORS, and the hedge fund/analyst communities have jawboned this stock down about as far as they can. The stock is priced for a disaster which I know will not happen.

    We are still looking at 20% same store sales in North America, and healthy adoption in Europe. I am expecting $.90 on $950 million in revenue which are both blowout by any metrics. Also, the analysts will be shocked when KORS margins are not eroding as they think. This company is not discounting as we have all heard in recent weeks. We will leave that to the folks at Coach who will report another disaster on Tuesday.

    Good luck to all...longs!

  • qofaslave69 qofaslave69 Jul 31, 2014 12:58 PM Flag


    There is big money riding on the failure of KORS. I do not like putting my little money up against the big money. That can be a dangerous game

    KORS business is still on fire. But, if there are a bunch of hedge funds pushing this stock down, then it will go down. At some point the short funds must cover. T

    This stock is easy for the hedge funds to push around as management is silent between EPS reports. They rarely make any big announcements. So, for three months they can push this equity around without consequence.

    The trick for them is to make the stock move. They have pushed it down to $80, and that is about as far as they will go. The next move is higher as the #$%$ will cover and weak longs will have their money taken from them once again.

    I am on vacation until next week. Nothing will change here. KORS is taking share from COH. They will beat and raise…again!

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