let the waiting begin!
Michael Kors bags are trendy, were trendy, and will probably continue to be trendy. But profitable? Who knows!
When a "thing" becomes a trend and suddenly its scarcity diminishes, the increase availability destroys the very same essence that made it a trend or a fashion.
Falling from fashion means this "thing" is now being compared to other "things" and that leads to price comparison too.
Comparing kills sells. Kors must be something you want to have right when you step into the store. Not something you want to grab and compare to see if you want to get it.
Michael Kors has grown really big in the last two years. Very big. Too big maybe. Their items are pretty much in every store. That makes them boring. $KORS is paying the price.
That said, the company is still what?... Fashionable.. yes.. and Trendy... yes..
So Us are just waiting to see when this sexy Michael Kors turns around.
The first time ever $KORS grabbed $60 was with a gap up after Earnings on 2/12/2013. Then it battled this area to finally conquer it and rally way up for an almost 70% at its peak in 2/2/2014, a year later.
" At Current Shares Outstanding, a price of $59.773 per share makes this company a $12 BILLION MarCap. Write this number down. "
Also, remember, we are traveling to the past. People buying shares at these prices were living in 2013.
When a "thing" becomes a trend and suddenly its scarcity diminishes, the increase availability destroys the very same essence that made it a trend or a fashion.
Falling from fashion means this "thing" is now being compared to other "things" and that leads to price comparison too.
Comparing kills sells. Kors must be something you want to have right when you step into the store. Not something you want to grab and compare to see if you want to get it.
Michael Kors has grown really big in the last two years. Very big. Too big maybe. Their items are pretty much in every store. That makes them boring. $KORS is paying the price.
That said, the company is still what?... Fashionable.. yes.. and Trendy... yes..
So Us are just waiting to see when this sexy Michael Kors turns around.
The first time ever $KORS grabbed $60 was with a gap up after Earnings on 2/12/2013. Then it battled this area to finally conquer it and rally way up for an almost 70% at its peak in 2/2/2014, a year later.
" At Current Shares Outstanding, a price of $59.773 per share makes this company a $12 BILLION MarCap. Write this number down. "
Also, remember, we are traveling to the past. People buying shares at these prices were living in 2013.