Michael Kors value spree
Uncategorized / August 5, 2017

The only people who seem to think Michael Kors (NYSE:KORS) is in decline are the analysts. The company is doing extremely well and is unfairly priced by the market. I recommended the stock in my article, Don’t Misinterpret Heidi Klum: Buy Michael Kors, when it was trading at $82 per share. The stock has done nothing but decline since then, with it trading between $69 and $70, as of this writing. In this article, I reiterate my bullish stance on the stock and am advising you to buy more of the stock at these depressed valuations. KORS likely had a great holiday season without having to discount substantially. I will be looking at the overall retail climate, which is positively affected by depressed gas prices. I will go over the social media trends to support how well the company is doing. Finally, I will look at the valuation of the company. Michael Kors announced a great 2nd quarter in November. Revenues increased 42.7% and same-store sales growth was 16.4%. Diluted EPS was up 40.8% to $1. The comparable sales for stores in North America were up 10.8%, which is a decrease from the unsustainable levels that we have seen in…