Yes, & the effect is fund managers in uncertain way wants to own the biggest loser when they report the first 1/2 This is probably funds dumping the last few days.
At one time this had a 20 Billion market cap, now its barely 8B keeps on going lower may get kicked out of S&P?
Should be investigated by SEC. mgmt. playing NERO, they fiddle while the stock drops.
Has any long called IR for any explanation?
Stay away from this stock, much better out there.
I'm glad for you. I have been negative on this stock for a while but it's performing worse than even I expected. I picked up some options as I don't believe anyone knows the bottom. or how much lower it will go..
They are about 1 of 26 analysts covering.
Look at the consensus. Did you notice the huge downgrade in earnings for this qtr this year, &n next year?
Seems everyone is pessimistic & mgmt stays mute!
Should have sold earlier or at least protect yourself with puts.
70 million shares was dumped in one day by institutions & fund managers. Do you think you know more then them? The trend is your friend, never fall in love with a stock
The company has no debt & has plenty of cash. There are plenty of stocks like this & are way under performing.
Don't let one piece of DD blind you of the majority of items to look at & maybe if you study everything you will make money in the market.
Yep, this is one of the dangers holding a stock at earnings when they miss. I listed 15 reasons not to buy BEFORE earnings, Not only did it all come true, it was worse than even I thought. Missing out on eps which was conservative to begin with &n was supposed to be blown out. To me the worst was the comps:SSS. Mgmt predicted growth of 10%, the actual figure was NEGATIVE 6%! How can mgmt be so wrong? Are they out of touch with day to day goings on?
70 Million shares sold off on earnings day & still dropping. Fund managers have an easy & lucrative job. When a company misses like this there is no more trust, for quite a while. Kors is sort of on the bad list for the BIG BOYZ, only retailers are trying to catch this falling knife. Avoid this shady mgmt stock.