KORS Cuts Loose

kors

A touch risky, yet attractive buy in this  breakout with Michael Kors (KORS). 

This Hong Kong based retailer, wholesaler and licensing company of women’s handbags, leather wallets, shoes, watches, fragrances, and eyewear did nearly $2B in sales for the last 12 months. 

The Positives: Strong quarterly sales growth of more than 70% (yoy.) More than 200% in earnings growth for the same period, clocking in at $340M for the 12 months. Solid technical breakout of 16 month base with monster, institutional buying. Peer stock  LULU holds ground as it also flirts with a breakout. 

The Negatives: Broader market is questionable, yet not in Red Flag zone. 

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