Emma Asma Cornwall
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All posts from Emma Asma Cornwall
Emma Asma Cornwall in Barbie Stocks,

Michael Kors is a victim of market injustice

I've been looking at Michael Kors stocks since last year, waiting for a right moment.

Kors shares declined significantly over the course of this year, because investors are concerned about the decline in same stores sales, and some are even thinking that "brand is dead", but I don't think it's true. Kors launched the digital e-commerce platform that also is taking sales from retail stores, so same store statistics isn't demonstrating us clear picture.

I absolutely think Michael Kors stock is undervalued. 

Technically, there's a symmetrical triangle, and I'm waiting for bullish resolve