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Should I buy stock in Coach,Inc?
I am seriously considering it.
5 Answers
- Anonymous1 decade agoFavorite Answer
Coach has maxed itself out @ almost $40.00 per share and will never offer you much of a return unless it plummets back down to it's foundation price.
It is too high and was only a productive purchase to those smart enough to get in on the ground floor.
It is rated at an 8, a great stock to own but as far as it going up enough to make you money... I don't see it happening. It wont ever become an Abercrombie or an american eagle. I don't think so anyway... always go with your gut! I would hate to be the deciding factor and you not do something you should have done.
Check out Psun... It just split and is still cheap!
Source(s): http://moneycentral.msn.com/detail/stock_quote?Sym... http://moneycentral.msn.com/investor/charts/chartd... - Yada Yada YadaLv 71 decade ago
For the short term (through year end), it's not too bad.
A breakout > $40 would be best, however, it seems to be forming a flag right now. So if you want to enter with a lower price $39 and have a stop around $38, you could do that too.
Retail in general has been very strong the past few months and so far looks like it will continue through year end. You just have to keep an eye out and watch!
As for COH, even though it's one of Jim Cramer's recommendations, I like ANF(Abercombie and Finch) or JWN (Nordstroms) or KSS (Kohls) better though.
Hope that helps!
- wvucountryroadsLv 51 decade ago
Although I would never solicit investment advice from here, I can say this:
Coach saw some good growth, but I feel that isn't the case anymore, or at least in the near future. They do have an great management team, however.
Coalis hot right now, but high priced. What is needed to move coal? Well- aluminum coal cars (RAIL and ARII) and rail roads (NSC, CSX, et al)
- Anonymous1 decade ago
How long do you want hold it and how much risk do you want to take and how much money do you want to make? (10% per year, 20% per year)
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