Friday, August 17, 2012

Retail Strength

Michael Kors is a retail name that had an IPO in February of 2012. Bulls will argue that the name broke resistance at 58.60 and recently made all time highs. They will be looking for continued strength from here on out. Bears on the other hand will argue that the name trades at expensive multiples such as 18 times book value and a forward P/E of 30. Only time will tell for who is on the right side of the trade.

No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

No comments:

Post a Comment