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Started By
Message
KORS is down big today
Posted on 5/27/15 at 8:57 am
Posted on 5/27/15 at 8:57 am
Ouch. Down around 17% as of noW.
Slowest revenue growth since the company went public. Hope nobody was over-exposed..
Slowest revenue growth since the company went public. Hope nobody was over-exposed..
7
Posted on 5/27/15 at 8:59 am to Cmlsu5618
I'm not a fashionable guy so I know zero about this company's products...it was already at a 52 week low though. Opportunity knocks?
Posted on 5/27/15 at 10:05 am to eye65
quote:
Opportunity knocks?
Maybe. It may just be a fad that has ended in women's fashion. It was wildly popular for a while as far as I could tell.. SO and sister both got MK watches and purses in the last couple years. Haven't heard anything about it since.
Posted on 5/27/15 at 10:18 am to yellowhammer2098
Anyone who didn't see this as the flash in the pan that it was is very dense. I should call my old cohorts and remind them about my warnings on this stock.
Posted on 5/27/15 at 10:20 am to Cmlsu5618
KORS is done. It's too trendy now, selling for prices that even folks in poverty can afford. When they first came out they were pretty much exclusive to the 22-30 year old upper middle class females.
Posted on 5/27/15 at 10:22 am to Cmlsu5618
Michael Kors is alright, but Tory Burch is where it's at... Or so my girlfriend's wish list of of shite she wants me to buy her tells me.
Posted on 5/27/15 at 12:40 pm to 13SaintTiger
quote:
KORS is done
This makes me want to buy in..
Posted on 5/27/15 at 12:47 pm to Cmlsu5618
Down 23% now. 
Posted on 5/27/15 at 12:55 pm to Cmlsu5618
Damn I missed them talking about it on CNBC earlier. Anyone catch it?
Posted on 5/27/15 at 1:18 pm to RebelOP
Kors is done... Agreed that Tory Burch is the future for middle to upper middle class females.
Posted on 5/27/15 at 1:37 pm to 13SaintTiger
quote:
KORS is done
I'm having a hard time convincing myself of this. The company could not continue to grow at the rate it was growing. I think their spectacular growth from the start is catching up with them. The company has no debt, solid margins, and a P/E of 11. IMHO, I think the stock will rebound long term.
Posted on 5/27/15 at 1:47 pm to LSUTOM07
I read a lot of the conf call transcript I think it's a good buying opportunity.
Still need to dig in some more though.
Still need to dig in some more though.
Posted on 5/27/15 at 2:00 pm to LSUTOM07
I'm not a stock guru but as someone in their mid-20's whose married to someone the same age who likes to keep up with fashion trends, KORS is done. It's just not trendy anymore, in fact it's the opposite, women who wear KORS now missed the boat and look like try hards. I've seen women get laughed at for having KORS clothing.
Posted on 5/27/15 at 2:01 pm to lynxcat
That 20-35 year old market is just horrible since they look for status symbols. If you price too high, they can't afford it but if you price too low then it no longer is a status symbol.
You make money not on sales volume but profit margin. Sales volume kills the business
You make money not on sales volume but profit margin. Sales volume kills the business
This post was edited on 5/27/15 at 2:03 pm
Posted on 5/27/15 at 2:05 pm to 13SaintTiger
quote:That's sad
I've seen women get laughed at for having KORS clothing.
Posted on 5/27/15 at 2:58 pm to prostyleoffensetime
quote:
but Tory Burch is where it's at... Or so my girlfriend's wish list of of shite she wants me to buy her tells me.
lol no. this is just the beginning
Posted on 5/27/15 at 3:29 pm to 13SaintTiger
My wife is a handbag buyer for a very large retailer in the US. The Kors brand still brings a TON of money in and could very well be their highest earning brand. It may have taken a step back from its peak, but it is no where close to being a laughable brand.
Posted on 5/27/15 at 3:30 pm to Cmlsu5618
Why anyone would invest long term into any type of women's fashion is beyond me. Women are too fickle.
Posted on 5/27/15 at 3:32 pm to STB
quote:
but it is no where close to being a laughable brand.
I'm just stating what I've witnessed firsthand. It is very well a dying brand.
Posted on 5/27/15 at 4:13 pm to 13SaintTiger
quote:
I've seen women get laughed at for having KORS clothing.
Anybody that would do this is an outright bitch.
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