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stu_s

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  • Coach Still Struggling As It Becomes Irrelevant [View article]
    Interesting article in the Wash Post:

    The definition of luxury retail is being ‘shattered’

    http://wapo.st/1D3o6f4
    Jan 24, 2015. 02:00 PM | Likes Like |Link to Comment
  • Coach Still Struggling As It Becomes Irrelevant [View article]
    Thanks for this piece.

    The first (of many) key question re: Stuart Weitzman is what multiple of earnings or cash flow or EBITDA COH paid. As you noted, Weitzman may not even be profitable. If Stuart is good, I'm sure other luxury vendors evaluated buying it, but passed. In the absence of not knowing the profitability of Weitzman, my guess is that COH overpaid.
    Jan 21, 2015. 12:59 PM | Likes Like |Link to Comment
  • Graco - Nice Deals As Premium Valuation Offers No Margin Of Safety [View article]
    The PEG ratio is 1.71 which is high. But GGG deserves a premium for its quality. What that should be is your call.

    Just saying that GGG is expensive so don't buy it is simplistic. You should analyze why the market is placing a premium on GGG. The market is sometimes wrong, but you have to presume that it's right. Then you can make the case that it's expensive.
    Jan 5, 2015. 11:15 AM | Likes Like |Link to Comment
  • Update: Michael Kors Shares Tank On Earnings Announcement As Expected [View article]
    And I very strongly suggest that you report these scam websites to KORS. You're buds with Michael, right?
    Dec 30, 2014. 02:19 PM | Likes Like |Link to Comment
  • Update: Michael Kors Shares Tank On Earnings Announcement As Expected [View article]
    Go right ahead! You're the one who needs to get serious, dude!

    Here's the link to the latest TOTALLY LEGITIMATE Kors up to 50% off sale:

    http://bit.ly/1wyQ90y


    Deal with it, Dude!
    Dec 30, 2014. 02:18 PM | Likes Like |Link to Comment
  • Update: Michael Kors Shares Tank On Earnings Announcement As Expected [View article]
    You are intellectually dishonest. Intellectual honesty means knowing what you know, knowing what you don't know, and admitting it when you are wrong. Instead of admitting the obvious and admitting that you are wrong, that certain KORS products are being hugely discounted on legitimate websites, you falsely claim that they are bogus websites. And instead of seriously replying to my posts, you now call me a clown. This is the dictionary definition of projection in the psychological sense:

    A psychoanalytical theory, projection is the process whereby one subject believes they see attributes (both good and bad) in another. The theory views this tendency as a defense mechanism whereby unenviable or unpleasant traits, impulses or ideas are attributed to another. In this way, the projector is able to avoid the unpleasantness in themselves. However, the theory goes on to explain that in severe cases of projection, the condition of projection may degenerate into paranoid delusions to the point that the projector believes others are responsible for the projector's problems and are secretly plotting against them. The projection basically allows a subject to ignore faults within themselves.

    Psychology Dictionary: What is PROJECTION? definition of PROJECTION (Psychology Dictionary)


    You have been doing a great disservice to SA readers. That SA allows you to write for them does not speak well of SA.
    Dec 29, 2014. 03:38 PM | Likes Like |Link to Comment
  • Update: Michael Kors Shares Tank On Earnings Announcement As Expected [View article]
    Post Xmas sales at Kors:

    http://bit.ly/1xVBuTO
    Dec 26, 2014. 03:46 PM | Likes Like |Link to Comment
  • Update: Michael Kors Shares Tank On Earnings Announcement As Expected [View article]
    Bagsale.co is an online store of KORS. Discounts of 75% or more!

    http://bit.ly/1xkXFTH
    Dec 25, 2014. 12:19 PM | Likes Like |Link to Comment
  • Update: Michael Kors Shares Tank On Earnings Announcement As Expected [View article]
    First page of today's NYTimes Business section: "America's Christmas Gift Lists, as Seen By Google:"

    The [three] top-trending gift-related searches in major cities across the country, according to Google:

    Of the 24 cities, Kors in the top three in 3 cities. But!

    Google searches don't necessarily translate into sales.

    I've gotten several emails from KORS advertising up to 50% off sales during the peak Xmas season. If Kors is so hot, why discount? And while discounts can increase traffic, they reduces margins. And they cheapen the brand. I've also been getting Coach emails, and I don't recall any discounts, at least not big ones.
    Dec 24, 2014. 10:35 PM | Likes Like |Link to Comment
  • Update: Michael Kors Shares Tank On Earnings Announcement As Expected [View article]
    My point is that KORS buyers are more fickle than customers of other luxe goods.

    2015 and 2016 results won't be known until over 1 year and two years from now. Let's see how this Xmas goes first.
    Dec 24, 2014. 12:05 PM | Likes Like |Link to Comment
  • Update: Michael Kors Shares Tank On Earnings Announcement As Expected [View article]
    We'll see whether KORS is naughty or nice this Xmas.
    Dec 23, 2014. 12:20 PM | Likes Like |Link to Comment
  • Update: Michael Kors Shares Tank On Earnings Announcement As Expected [View article]
    Latest email from Kors: Up to 50% off sale:

    http://bit.ly/1xIbo6I

    Another issue KORS faces: It has grown very rapidly, so most customers have only been buyers for a few years. Which means that they haven't built up years of loyalty to the brand, which means that they are more likely to switch than longtime customers of other brands. The flip side of widespread success is that the brand is less exclusive; balancing popularity with exclusivity is tough for any luxury brand. Thus past KORS buyers are more fickle than customers of other brands. On top of that KORS continually introduces new products, and buyers and prospective customers may or may not like them.
    Dec 23, 2014. 11:04 AM | Likes Like |Link to Comment
  • Update: Coach's Sales And Profit Margins Are As Expected [View article]
    New email from COH: The Semi-Annual Sale

    http://bit.ly/13nUywE
    Dec 20, 2014. 11:34 AM | Likes Like |Link to Comment
  • Update: Michael Kors Shares Tank On Earnings Announcement As Expected [View article]
    In yesterday's WSJ, the Personal Journal section had a front page article: "Top 10 Times Fashion Took the Spotlight in 2014:"

    "Most Ubiquitous Label: Bags from the label Michael Kors were everywhere, signalling--at first--the runaway success of the Michael Kors fashion brand. But luxury requires scarcity, and the logos of the designer's secondary line were anything but. This sparked fears that the brand was being downgraded by its own success. That helps explain the lackluster performance of KORS shares this year, showing again that luxury brand management is a tricky business."
    Dec 19, 2014. 03:49 PM | Likes Like |Link to Comment
  • Update: Michael Kors Shares Tank On Earnings Announcement As Expected [View article]
    New Kors email: up to 50% off:

    http://bit.ly/16AgYMV
    Dec 19, 2014. 03:42 PM | Likes Like |Link to Comment
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