The Company is a American marketer of fine accessories and gifts for men and women. Its product offerings include handbags, women's and men's accessories, footwear, outerwear, business cases, sunwear, watches, travel bags, jewelry and fragrance.
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Yes, I hear the footsteps of Michael Kors (KORS). Cue the thump sound effects from Jurassic Park. But we think we're looking at one of the best buying opportunities for Coach (COH) seen during the last 3-5 years based on a projected annual return of 20% and an excellent (top shelf) quality rating.
Actually, the best buying opportunity was more recent (7/31) when the price per share dropped 18% to $49.06. Wish I had gotten in at that price. MACD tells us this stock is still trending downward.