• m@ximus
    $COH must go down 2 digits soon and then becomes attractive with the new 1 Y.Target of $63, anyone planning a buy soon?
    7/30/13
    Reply (13)
    • Stan Ackman: The uncertainty is whether the management change is a good thing. The company may head to a even worse direction.
      7/30/13
    • Schneij: I sold 4 put contracts at $52.5. Been selling covered calls for some time when it ran close to $60. My DCF puts price target at $61-63.
      7/30/13
    • Schneij: China growth good. SG&A terrible. Want to see how Mens does and if they can transform to a lifestyle brand. Good cash flow & balance sheet
      7/30/13
    • Stan Ackman: China also slows down. Comps no longer higher double digits. I suspect it is around 10%.
      7/30/13
    • Schneij: Depends, if they can move to consumer based economy it could be even better. Big unknown. Currently mens is a?.What guy wants to own a tote?
      7/30/13
    • Stan Ackman: It is the economy in China causes the slowdown. It is the decline of interest in Coach brand in China.
      7/30/13
    • Stan Ackman: Most sales increase in China came from distribution expansion. Major cities already have a declining appetite for Coach.
      7/30/13
    • Stan Ackman: FYI, in major Chinese cities, Coach is called a street brand because Coach is everywhere on the street. People want something new.
      7/30/13
    • jameskuwe: i know of many students from china carrying coach wallets and teachers carrying coach bags
      7/30/13
    • vtorch: The street brand claim is completely off. I travel to China every other week.
      7/31/13
    • Stan Ackman: vtorch, you travel to China does not mean you know Chinese that well. Did you actually talk to many Chinese ladies in major cities? I did.
      7/31/13
    • vtorch: Stan, I work with the Chinese everyday. I not only talk to them, but I talk to them in their own language. Street brand talk is ludicrous.
      8/5/13
    • jameskuwe: i agree with vtorch. Even in Singapore, with a lot of Chinese students and businessmen and women, Coach is considered a desirable brand.
      8/5/13