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Luxury Stock

|Includes: Tapestry, Inc. (TPR)

 Many people were surprised to see the luxury goods market hold up so well during the Great Recession and the following paltry recovery. Perhaps this is a testament to the willingness of the ultra-rich to keep spending despite the economic conditions. Of course the market did take a hit, but the best firms still managed to grow despite the slowdown. It isn’t hard to find the best of breed in the luxury goods market. There aren’t many better-run firms than the one I am discussing today: Coach (COH).

Best of the Best

I was ready to go with this article earlier in the week, but then realized that Coach was set to report earnings. I didn’t want to look stupid by pushing the stock and then getting crushed after a poor report, but I should have gone with my instinct and wrote about it because the stock soared after an excellent report.

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