michael kors bag and purse set

March 25, 2017

Summary

Michael Kors has an healthy balance sheet.

Its earnings figures are also really strong.

In my opinion, the firm is one of the few opportunities in the current market.

Moreover, it is also possible to calculate an impressive net current asset value (NCAV). The NCAV is calculated by subtracting total liabilities from the current assets. This metric was introduced by Benjamin Graham. With total liabilities of only $411 million, the NCAV is equal to $1,366 million. michael kors bag and purse set It represents 11% of the market capitalization.

Michael Kors is a rapidly growing global luxury brand. The company designs watches, jewelry, footwear, bags and many other products. Currently, the firm has a presence in over 95 countries. In fact, it operates stores in some of the most prestigious cities in the world including New York, Beverly Hills, London,michael kors bag and purse set Munich, and Tokyo.

In fact, the company has an incredibly strong balance sheet. With $1,983 million in current assets and $479 million in current liabilities,michael kors bag and purse set  it is possible to calculate a working capital of $1,504 million. Consequently, it represents approximately 12% of the market capitalization.

In my opinion, Michael Kors represents one of the best opportunities in the United States. This metric was introduced by Benjamin Graham. With total liabilities of only $411 million, the NCAV is equal to $1,366 million. It represents 11% of the market capitalization.

Indeed, the stock reached a peak of $100 back in 2014. Currently, the stock is trading around $62. With this pullback, it is now possible to buy a rapidly growing company at a value price.

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