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David Guarino

 
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  • Don't Give Up On Coach Just Yet [View article]
    Michael,
    Thanks for your comments. Good to hear that consumers in your region still like the Coach brand. I still feel Coach is a great long term investment for specific portfolios.

    David
    Jan 29 10:26 AM | Likes Like |Link to Comment
  • Don't Give Up On Coach Just Yet [View article]
    While I agree with you that Coach needs to be careful and not damage its image, as the market shifts, good management teams need to adapt. It appears Coach management is well aware of this and is striving make changes while not cheapening the brand.

    Thanks for your comments.
    David
    Jan 29 10:23 AM | Likes Like |Link to Comment
  • Don't Give Up On Coach Just Yet [View article]
    Stan,
    You make a very good point regarding historical price multiples. Given the current slowdown in North America the company may be deserving of this lower multiple.

    However my argument lies with the growth of China, other emerging economies and the Mens stores. If you begin to model out these segments and see the impact they may have on earnings in the years to come, one could argue that Coach is just taking a breather. Hence my reference to the "transition year", the company appears to be building itself for the future.

    Additionally, if competitors begin to fall out of style with consumers (as I feel they will), Coach stands to gain back that market share. The company has been around for decades and has proven its ability to be a lasting brand.

    Thanks for your comments.

    David
    Jan 29 10:20 AM | 1 Like Like |Link to Comment
  • Coach Is Fairly Valued Headed Into FY13 [View article]
    Japan did very well, however sales figures were up from slightly lower numbers due to the natural disaster last year. China is a tremendous opportunity for growth however they make up a small portion of sales (7% of fiscal year 2012). North America sales still made up roughly 65% of revenue this past fiscal year and that is where the weakness occurred.
    Aug 6 07:21 PM | Likes Like |Link to Comment
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