michael kors bags

March 28, 2017

Michael Kors (NYSE: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, Munich, and Tokyo.In my opinion, Michael Kors represents one of the best opportunities in the United States. 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.In fact, the company has an incredibly strong balance sheet. With $1,983 million in current assets and $479 million in current liabilities, it is possible to calculate a working capital of $1,504 million. Consequently, it represents approximately 12% of the market capitalization.
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. It represents 11% of the market capitalization.

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