I just came here to brag, so here I ago: In the following article on Michael Kors that I published in January (seekingalpha/article/1930521-michael-kors-dont-get-in-now-part-ii) I wrote the following While I believe that KORS is an outstanding business that could certainly grow some more in the future, especially when it starts expanding to Europe or Asia, I fear that these prospects are already taken into account by its $16 billion valuation. Its current share price seems to be just right. In my opinion, there is nothing more to add or to subtract. Unfortunately the stock market is irrational and will probably pump it up some more before making a correction (again, toward its justified $16 billion valuation). Isnt it weird that Mister Market is only looking at KORS (SHORT-TERM) terrific prospects, but doesnt look at KORS medium to long-term challenges? In March the stock hit $100. (as I said, it will be pumped up, before making a correction) but is since then correcting towards $78. As I said, again towards its justified $16 billion valuation. So I really feel that I nailed this one with a high amount of accuracy.
Posted on: Sat, 16 Aug 2014 09:38:41 +0000
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