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Michael Kors - Taxiing To The Runway And All Set For Take-Off

Michael Kors (NYSE: KORS) released its Q3 results a little over a month agoand unbelievably, the market continues to punish a fabulous growth story.

KORS has grown it's bottom line ~33% and its top line ~41% in a luxury goods market that is growing at roughly 13%. The business has continued to grow at an impressive clip and we believe this is down to the simplicity of it's growth strategy.

We love simplicity in a strategy... if you can digest the entire strategy in a 5 to 10 minute space and not have any burning questions, we feel the management team knows how to articulate strategy effectively. When this happens, you end up with a workforce that lives the strategy in their work because they understand what they need to do. From their annual report we can quickly understand their simple 5 point growth strategy: Read more