Hi! First off hello, I'm new here so theres my hello. Fairly amatuer to the markets but hope to be able to contribute to the forum. I am long in COH. COH- Coach I believe COH is a solid company with no debt and solid and consistant growth. They had a great quarter beating quarterly estimates and even raising their guidance for 2007. They still have a lot of room for growth in both domestic and foreign markets. In addition they are in mist of a large stock buyback plan. However dispite all this good news, thier stock price actually declined earlier tuesday morning (after they released earnings aug 1, 2007) and then finally rallied to a mere gain of about 2.7%. They also lost some ground wednesday morning. I know the overall retail stocks have all declined recently, but am I wrong to think all the good news about Coach will help Coach outperform the rest of the retail stocks as well as the overall market? Should I buy, sell or hold?
anyone jump oin the bandwagon with me? woulda made you some money! I went llong when it was at 27 now its pushing towards 31. i dont htink it faces resistance till 33