3 Reasons for Michael Kors Holdings Investors to Be Cautiously Optimistic
Perhaps no iconic fashion company has endured the fickle nature of the industry more than Michael Kors Holdings Ltd (NYSE: KORS). After a huge drop in recent years, the luxury retailer bounced back after reporting its latest quarterly earnings results. That made the stock one of the top performers in the S&P 500 during the third quarter!
My own investing history with the company is well-documented. While my decision to sell wasn't based on the stock's movements, I sold my shares near Kors' lowest levels of the year this past summer. Ouch!
Michael Kors investors have reason to be optimistic. Image source: Getty Images.
Source: Fool.com