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International Business Machines Corporation Message Board

qofaslave69 116 posts  |  Last Activity: Sep 4, 2014 5:53 PM Member since: Nov 6, 2005
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  • Reply to

    KORS price raised today...tgt..$104

    by lawstuff22 Jun 20, 2014 8:36 AM
    qofaslave69 qofaslave69 Jun 20, 2014 11:44 AM Flag

    Nothing seems to help this stock short term. The Coach bombshell yesterday hurt KORS.
    Why is that? Did women stop shopping for hamdbags?

  • qofaslave69 qofaslave69 Jun 20, 2014 12:53 PM Flag

    This equity is getting stupid cheap...

  • Reply to

    just bought 1k shares. hoping for the best

    by tigerwoords Jun 20, 2014 2:49 PM
    qofaslave69 qofaslave69 Jun 20, 2014 3:20 PM Flag

    GLOG just broke out. I expect at least a 10-20% gain from the breakout.
    It could hit $32-$34 within the next few weeks?
    Reinvest the dividends...

  • qofaslave69 by qofaslave69 Jun 20, 2014 3:38 PM Flag

    For those who get anxious when the stock they own drops a bit I suggest to buy KATE. Do I think they are a better business than KORS? No! But, it does not matter as KATE has broken out with heavy volume today, and is not trading in sympathy with the pathetic Coach as KORS seems to be doing.

    KATE is taking share from COH as well, and its stock is performing much better than KORS. Obviously, some institutions think KATE has more potential upside than KORS. You do not argue with the big institutions.

  • Reply to

    just bought 1k shares. hoping for the best

    by tigerwoords Jun 20, 2014 2:49 PM
    qofaslave69 qofaslave69 Jun 20, 2014 4:01 PM Flag

    GLOG will be making new highs. I own it in an IRA and just reinvest the dividends. One of my buddies from IBD turned me on to this stock @$16

  • Reply to

    Lowest we go is ~86 and if we ever do...

    by winningstox Jun 18, 2014 7:56 PM
    qofaslave69 qofaslave69 Jun 20, 2014 4:13 PM Flag

    You may be going, "all in" sooner than you think...

  • qofaslave69 qofaslave69 Jun 20, 2014 5:29 PM Flag

    This stock is cheap right here....

  • If you have 100 shares now, you will have 200 at the start of traded on Wednesday, June 25!

  • Reply to

    The Stock Splits on Wednesday

    by qofaslave69 Jun 20, 2014 6:24 PM
    qofaslave69 qofaslave69 Jun 20, 2014 9:28 PM Flag

    You would be surprised that long term shareholders do not know this information....

  • Reply to

    What does the split really mean???

    by dave59isok Jun 19, 2014 11:57 AM
    qofaslave69 qofaslave69 Jun 20, 2014 9:30 PM Flag

    To me it means that CELG is confident in its business/pipeline going forward.
    A firm does not split their stock if things are not going well....

  • Reply to

    Good evening Fools and Losers QOFAS

    by alittlepiecess Jun 20, 2014 11:03 PM
    qofaslave69 qofaslave69 Jun 21, 2014 11:00 AM Flag

    Good for you... KORS is a steal under $90... I have a longer time horizon than Monday or next week...

  • qofaslave69 by qofaslave69 Jun 21, 2014 11:03 AM Flag

    They are closing 70 stores AND guides lower. The stock sells off as it should.
    KORS sold off as well. Does that make sense? Coach is doing lousy so KORS is too?
    It seems to me Coach is losing business to Michael Kors, and the sell off provides a buy opportunity?

    KATE rallied 3% and has momentum...

  • qofaslave69 by qofaslave69 Jun 21, 2014 12:04 PM Flag

    AAPL will crush earnings in July as this is the first full quarter with China Mobile...

  • Reply to

    Coach Announces

    by qofaslave69 Jun 21, 2014 11:03 AM
    qofaslave69 qofaslave69 Jun 21, 2014 1:33 PM Flag

    Diane,

    KORS is being more promotional, and their margins will "normalize" as they have been saying for years. They still have extremely healthy margins, and that may even improve as they generate more revenue from Europe and Asia. I believe the discounting of older inventory will generate more revenue than even the most optimistic bull would imagine. It would not surprise me to see over $1 billion in revenue this quarter.

    I believe they low-balled guidance in May so they can beat estimates all year. They have never missed and will not this quarter. Remember, Easter, Mother's Day, and Graduation were all this. Quarter. My Instagram and Twitter feeds tell me this is a good quarter.

    Last Thursday, John Idol said, "I did a terrible job of explaining SG&A (margins) and plan to do a better job in August." I get the sense he will be really specific at the conference call in May, and some of their previous expenditures may bear fruit this quarter? Nobody knows how Wall Street will react. I do know KORS will continue to take market share from Coach in North America.

  • Reply to

    Coach Announces

    by qofaslave69 Jun 21, 2014 11:03 AM
    qofaslave69 qofaslave69 Jun 21, 2014 2:42 PM Flag

    The obsession over KORS gross profit margin is over the top. Most stocks I have ever owned (there have been many) the focus is on the top and bottom lines. KORS enjoys some gaudy margins in retail (which typically enjoy high margins) and management has cautioned their margins will "normalize" like most other retailers, and that appears to be happening. Instead of having 60% gross margins, they may "normalize" to 55% which is still better than most retailers. They also warned their same store sales will "normalize" as well...duh! No retailers has 26% same store sales forever.

    Here is a definition from Investopedia...

    The gross margin is not an exact estimate of the company's pricing strategy but it does give a good indication of financial health. Without an adequate gross margin, a company will be unable to pay its operating and other expenses and build for the future. In general, a company's gross profit margin should be stable. It should not fluctuate much from one period to another, unless the industry it is in has been undergoing drastic changes which will affect the costs of goods sold or pricing policies.

    For example, suppose that ABC Corp. earned $20 million in revenue from producing widgets and incurred $10 million in COGS-related expense. ABC's gross profit margin would be 50%. This means that for every dollar that ABC earns on widgets, it really has only $0.50 at the end of the day.

    This metric can be used to compare a company with its competitors. More efficient companies will usually see higher profit margins.

    Things to Remember

    The results may skew if the company has a very large range of products.

    This is very useful when comparing against the margins of previous years.

    A 33% gross margin means products are marked up 50% and so on.

  • Reply to

    Coach Announces

    by qofaslave69 Jun 21, 2014 11:03 AM
    qofaslave69 qofaslave69 Jun 21, 2014 3:26 PM Flag

    Diane,

    KORS earned $1.97 in 2013 and $3.22 in 2014! In May they guided to $3.91 in fiscal 2015. That was a disappointment to me as I thought they would guide to $4! But, it does set them up for huge beats all year. I believe they will earn closer to $5 than $4.

    Do you think they will go from growing at $65% in 2014 to 20% in 2015? I do not...especially the way they are opening new stores.

    Everybody is freaking out because the stock price is coming in. Peter Lynch loved it when quality stocks were on sale. Check CELG or GILD earlier in the year. They are quality companies that were trading at a 20% discount. Now, they are making new highs. I own both...

    I do not pay much attention to talking heads as they all have an agenda, and none of them are to help me make money. Do your own due diligence here.

    Good luck...

  • Reply to

    after hour

    by lu.kanth Jun 20, 2014 6:14 PM
    qofaslave69 qofaslave69 Jun 21, 2014 3:47 PM Flag

    There are no market makers in after hour...just buyers and sellers...like the Wild, Wild, West...

  • qofaslave69 qofaslave69 Jun 21, 2014 7:24 PM Flag

    CELG is a must own stock...

  • Reply to

    My take on decline in KORS since last earnings.

    by anvboy Jun 22, 2014 2:19 PM
    qofaslave69 qofaslave69 Jun 22, 2014 3:17 PM Flag

    anvboy,

    For me, it is all about the institutions, and not the analysts...

    Sometimes stocks just have to correct. Look at CELG and GILD from February to April. Those two had stellar reports and still sold off.

    Some institutions have owned KORS since the $40's and it has become a two bagger and a larger part of their portfolio. It is wise to trim some at that point and look around for other opportunities. So they sell! Not a big deal. Many stocks make their big run after their greatest earnings growth period has concluded. KORS will no longer grow at triple digits. In fact, they will "slow" to 20-30% in the future. The stock could still have a huge run at that growth rate.

    The short interest has picked up recently, and I would imagine it will continue to increase as shorts become emboldened with the stocks weakness. KORS business is good, and they are taking share.

    Why does Under Armour get a multiple of 75 when KORS is at 27? KORS is growing twice as fast as UA.
    Strange stuff indeed...

  • qofaslave69 qofaslave69 Jun 22, 2014 3:21 PM Flag

    LeBron James made $30 million on the Beats deal. He did not own any of the company.
    But, he made a deal with Dr. Dre that he would endorse the Beats product for a fee.
    Lebron James is a pretty smart guy. So is Dr. Dre... by the way...he is not a real doctor (M.D.)!

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