Bag a Stellar Discount
Coach (COH) is high-quality merchandise -- both as it regards its products and its shares. While shoppers find the bags aspirational, investors have been showing Coach no love recently. The stock has fallen almost 28% from its 2012 peak to Wednesday's close of $57.65.
Was that plunge warranted? Trailing 12-month EPS through March 31 was $3.35 -- up 15.9% from the same period one year earlier. If the fiscal fourth quarter (ends June 30) comes in as expected, fiscal 2012 earnings will total $3.53 vs. $2.92 a year earlier, meaning a 20.9% gain....214 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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