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Getting Up And Down With Coach

Keep grinding. More than one PGA Tour pro will tell you that's what he does when his game is less than perfect - getting up and down and sinking 20-foot putts to save par when bogey or worse seemed the likely outcome of ugly drives and approach shots. Coach Inc. (COH) ought to be making a bag for those guys.

The luxury leather bags and accessories retailer was itself grinding away in its fiscal second quarter, reporting earnings below last year's levels, but surprisingly sturdy enough to buoy confidence it was tacking in the right direction. The share price has been grinding away as well, up 14.8% since we recommended purchase of the maker and retailer of luxury leather bags and accessories seven months ago. We thought then that sentiment was too sour and saw more upside after the fiscal first quarter was announced.

In the conference call last week… Read More …