Seeking Alpha

Earnings call ambiguity a factor in Kate Spade freefall

  • The bottom just fell out of Kate Spade (KATE -18.8%) this morning after shares had run up a tidy 7% post-earnings gain.
  • During the firm's earnings call, execs said they "might" push out long-term guidance by a year.
  • That ambiguity by management and the heavy hand of short-minded traders appear to be swinging momentum.
  • Volume on KATE is already 10X normal activity.
  • Earnings call webcast
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Comments (1)
  • Fanebrb
    , contributor
    Comments (661) | Send Message
     
    Kate's Fate. (new name)
    12 Aug 2014, 03:41 PM Reply Like
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