Ride on Michael Kors' Trendy Coattails
One of the best-performing stocks year-to-date is fashion house Michael Kors (KORS), which has risen 95%. The stock has been powered by exceptionally strong sales momentum. But, with some of its peers reporting lackluster sales, will Michael Kors stay in fashion?
Michael Kors went public late last year, and the stock has been a one-way ticket to the moon. Rescued from bankruptcy by fashion bigwigs Silas Chou and Lawrence Stroll, Michael Kors has gone from lowly men's shirt wear designer to a global brand available in 74 countries. Chou, the Hong Kong fashion billionaire (whose money comes from his father), and former Ralph Lauren (RL) executive Lawrence Stroll, have an enviable track record. The pair helped build Tommy Hilfiger into a global sensation in the 1990s....270 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.