Tapestry's management team has done a very good job of positioning the company coming out of COVID and all of the hard work is beginning to show up in the numbers. JamesBrey/E+ via Getty Images
Generally speaking, we have historically tended
Tapestry's Pullback Is A Buying Opportunity
Summary
- Whether you are a trader or long-term investor, Tapestry stock has entered a buy zone and is quite attractive.
- Management continues to return cash to shareholders and should have further good news to announce in the coming months.
- Kate Spade could see revenues nearly double in coming years as the Coach brand continues to improve with gains in North America and China.
- We have established two options trades to play the short-term rebound we expect.
Follow us on Twitter here: @theinvestar Previously a Trader/Portfolio Manager for a Treasury Office managing anywhere from $10-20 billion (treasury assets, retirement benefits, endowment related funds), currently part of a team that oversees an outside investment manager managing almost $30 billion. Previously the founder of theinvestar.com, LLC. theinvestar.com, LLC was a leading news provider on the potash and uranium mining industries supplying data services, commentary, interviews, investment news, newsletters and quarterly industry publications.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of TPR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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