Comments on: Buy Coach (COH)

By: Verity

Verity — Sat, 21 Nov 2009 03:47:36 +0000

Jim, first, you’re great. I believe strongly in what you have to say and your advice has save me some $ long before the October crash. I have been watching Coach for some time and have been aware of this growth potential since July 2008. However, I can’t buy into a stock like this that exploits animals for our personal vanity. Especially, if manufacturing kicks off in China where they are know to use dog and cat skins for leather. To me this is a sin stock, like the tobacco companies are to others. I look at the bins of tossed off purses at Macy’s an other shops and see dead animals. And all for what? The latest fashion statement. Sure, this is a money opportunity, but at what price? I not a Peta member ranting on a soapbox, I adore animals and this is just my opinion especially when we live in a time where we can manufacture leather like materials without killing a living being for being in fashion.

By: KR

KR — Fri, 20 Nov 2009 22:22:18 +0000

wfrank1999 – yes, thats true. but thats true for many other stocks as well. Stocks doubled and tripled between March and August. Interesting point would be to see how they did after August when the reaction to oversell in March subsided and other factors started pushing them up (or down). By that measure, COH only appreciated 10%.

By: shunngai

shunngai — Fri, 20 Nov 2009 21:00:25 +0000

My friends still like their bags and she is in her late 20s I realize they didn’t really lower their prices, which I think is great sign, because they don’t have to lower price to attract customers and in return, they don’t need to lower their brand image and let customer get use to the 50% discount because other company poor managment on stock. The counterfit is serious in China or be honest in a lot of Asian countries, but the thing is a lot of people can actually tell the different between a real one and a counterfit and others might look down on you when you do. So if they have enough cash, which they do, they will still try to get the real one. I would be more upset if they lower their prices and take the short-term profit and tradeoff for their long term brand image.

By: wfrank1999

wfrank1999 — Fri, 20 Nov 2009 20:37:45 +0000

I am nervous about this pick. The stock is up 200% since march.

By: TMS

TMS — Fri, 20 Nov 2009 20:28:50 +0000

My wife used to love Coach. She has their purses and wants to buy more.

We’re in our early 40’s and Coach has veered toward the 60-year-old ugly purse demographic quite noticeably in the last couple years. There is literally nothing they have that my wife wants to buy any more, and I agree with her. We walk into a Coach store desperately wanting to find something she likes, but we’ve given up. Nothing but gaudy old lady purses these days.

Maybe the move makes sense – gear yourself to an older crowd with more money than the fashion-conscious 30-50 year-olds.