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Cabot Stock of the Month
John Buckingham
The Prudent Speculator

Michael Kors: Holiday buy


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by Richard Schmidt, editor Stellar Stock Alert

With the stock markets sitting on the fence, we’re leaning toward a fence-sitting position as well. But we’re always looking for opportunities. And we’ve found just such a situation: Michael Kors (KORS).

Michael Kors is a high-end, luxury apparel, accessories, and footwear retailer. With a lot of cash in people’s hands this year, and a good bit of pent up anxiety, we’re looking at a solid run at “retail therapy.”


And KORS is positioned to take advantage of the seasonal spending. The stockwent public last December and has climbed up ever since. In fact, it’s now outperforming 99% of the publicly traded stocks.

Another fact we like about KORS is that it has successfully managed to expand into Europe despite the region’s economic difficulties.

KORS' future is bright. We’re recommending an immediate buy with a buy-up-to price of $70 and a target price of $90. It’s a long-term holding, with a medium risk rating.

Learn more about this financial newsletter at Richard Schmidt's Stellar Stock Alert.

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