Mgmt, IMO will never go private voluntary, they are making too much of selling their shares.
A hostile takeover is always a possibility
Much more volume yesterday when KORS dropped to another 52 week low. Today no comeback. Much less volume today then yesterday. No one rushing to buy even at these low prices. Most likely volume came from shorts talking profits & looking to short again.
Contrarian Investing & who ever suggested this is not only losing a lot but probably does not care or know better.
I will repeat for the last time some reasons why KORS has underperformed, will continue to underperform & with markets making records KORS makes 52 week lows & is about 40 points off its highs,
1 Currency exchange, strong dollar. Prices will be higher overseas .& when local currency exchanged their will be a loss.
2. Hong Kong, Macau sales will be much lower to Chinese crackdown on corruption & luxury items
3. Russia boycotting US & Western goods.
On line cripples when wharehouse roof collapses, still not rectified.
4. Mgmt. Admitted February very bad month
5. Discounting hurting margins
6. GS MS BAC ALL have taken Kors off there preferred lists Downgrades of all sorts are now common.
7 Fashion is fickle, many people going elsewhere
8 Analysts predicting in a short time negative y t y SSS
9 Google search reports negative growth for KORS Y T Y
10 Kors must re-invent itself to last the ages or it will go the way of coach or worse.
11 Mgmt seems to only care for themselves & has constantly enriched THEMSELVES at shareholders expense.
OK, maybe some of these reasons are shared with other companies, you may feel some are not important. BUT look at the size of it,
10,000 stocks out there I feel there are many better plays, a lot of better plays.
I feel KORS best days are behind them.
Any rational response or reply is welcome except for the bigoted natzi.
Anvoy, this is the guys first post under this new alias.
How I miss the old board, there were no bigoted nutjobs there hating the world. LOL
Just read some of the other posts, I listed the reasons numerous times for you to find.
I believe I have stated my position & it is very clear
A hateful psychotic bigot, rants over & over everyday wishing people dead as he lost everything & has to blame someone so he picks on religion, It would be ironic if the bigot got real sick & the only doctor that could save him will be of that religion. That would be poetic justice. He uses different alias daily. He adds NOTHING here just hate.
Yahoo is this what you want here?
This man is mentally disturbed, he needs help.
I feel real bad for you, escapegirl. You really have no clue how this whole thing works.
Keep telling us how much your making & how you're selling 'sweet; calls at the top.
Live your dreams.
Hard to put lipstick on this one
It seems they are all leaving this sinking ship.
This is why you do DD on stocks you own, or want to & never fall in love. With all that's going on I will never invest in this stock as the low has not been established. This may get very ugly when it ends.
It was nice while it lasted but Fashion is Fickle. The first couple of years were good Despite insider, mgmt. greed.
IBD Has article of how popular the watch is & then Stern Agee downgrading Fossil (who supplies Kors watches). Weeks ago I said the very same thing this will affect Kors. Gumby blast me as I spoke negative on KORS.
Unbelievable, these running dogs have no credibility, or even common sense!
Kors sales are slowing here & abroad. Future guidance looks bad . Negative SSS is coming before you know it. To be successful Kors MUST re-invent themselves so that the brand will ALWAYS be popular, or it will go the ways of Coach.
AS this stock drops like a rock & grossly underperformed all indices, & while the selling at any price accelerates may tell how the street feels about Kors mgmt. when no self enriching SPO is on the line.
Billions of dollars worth of stock dumped on open market. Forward guidance was ONLY given to support the price of the SPO so they will get top dollar selling. Shareholders interest never first on the mind of mgmt.
Check out ALL my posts from the beginning, THIS is the reason I got out even when it was climbing. I knew MGMT would kill shareholder confidence & create a glut of shares.
Market up 200 points today, KORS at new low.
Running dogs such as Gumby & Escape girl who enjoy calling names to the ones that have a differing & in this case correct opinion are probably paid stooges to rope in newbies while there masters sell.
Sadly this stock's a loser.
All holders got scammed. This company in just a few years had 4 SPO's! The first one just 3 months after it went public! All these SPO's in which insiders ONLY enriched them selves at shareholders expense where the 'free float' bloated to over 200 million shares. The law of supply & demand are still practiced on Wall St.
Now the most recent SPO, The Honk Kong BOYZ, the very ones that got Tommy Hillfinger started sole EVERY SINGLE SHARE at $75 & the price has never recovered.
The influx of massive dumping on the market at the sights I have never seen before, insiders getting out, & the outright GREED & AVARICE of this company is, I believe the worst on Wall ST all at our expense.
Even the most optimistic analysts are predicting later in the year NEGATIVE SSS! What is that going to do to the price. This morning another analyst downgrade & PT $70.
KORS had its day in the sun years ago despite the greed of mgmt. Now shareholders are paying the price. Expect lower lows.
All I can say with sincerity is good luck. I really believe this stock is headed further down. I have listed the reasons before, but here are some: Currency exchange, dollar so strong too expensive overseas & when bought in local currencies again money lost converting to dollars. Sales in Hong Kong & Macau lower due to anti corruption laws. Online business hurt badly due to warehouse roof collapse which is still not rectified. Russia boycotting US goods. Way too many discounts & presentations will hurt margins going forward. Lastly Taste: Fashion is fickle, if women believe everyone has KORS they will get something else to be different.
I remember back in February 2013 we hit this price on the way up. This stock is at over 2 years low in a raging bull market where all indices are making records, KORS at multi year lows! Whats wrong with this picture?. Mgmt is shareholder unfriendly to the extreme. They are really just out for themselves. They should never had gone public with all those SPO's
I think there is much, much better out there.
Good luck, I will take a break till earnings & future guidance which I strongly believe will not be good.
Good luck in your financial decisions.
But Gumby says don't worry. Stock goes from 100+ to 62. It all fine
Anvboy, you been around a while, like myself. Have you ever seen a board break down to almost the way the stock has broken. Hey I believe in Feb. 2013 the stock price was higher that today.
Longs defense is to call names, lol sad & pathetic the way people ac t when they are losing money. They should check out Certificates of Deposits.