Michael Kors’s Bull Run Is Not Over Yet

Discussion in 'Stock Market Forum' started by PaulSchinider, May 17, 2014.

  1. PaulSchinider

    PaulSchinider Well-Known Member

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    The sell side sees enormous upside potential in Michael Kors Holdings Ltd. (NYSE: KORS), and so do we. Here is why you should buy this stock before the company’s earnings announcement

    Michael Kors Holdings Ltd. (KORS), which retails accessible luxury goods, has delivered stellar performances each quarter since its IPO in 2011. Its stock price has jumped after each successive announcement of quarterly results, which have beaten analysts’ estimates each time so far. In the last four quarters, its stock has risen by an average 7.5% on the first day of trading following the announcement of its results.

    The company is expected to release its performance results for the fourth quarter and fiscal year 2014 on May 28, 2014. We expect the company will maintain its winning streak, and recommend that investors take advantage and buy before the company announces yet another quarter of solid earnings and revenue growth. The current stock price offers a good entry point: the stock is already trading at a discount to its three-month high of $99.80 per share.


     
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