In this video, consumer goods analyst Austin Smith discusses how insiders at luxury retailer Michael Kors Limited (NYSE:KORS) opted to hold onto many of its shares after the insider lockup period expired. Although this did not allow many investors to scoop up shares at a discount as they had hoped, insiders' confidence may indicate even more growth for the soaring company. While competitor Coach (NYSE:COH) expects half as much growth as Michael Kors, Coach is trading for less than a third of Michael Kors' multiple. Either company could be a profitable venture into the luxury retail space. He recommends staying away from smaller, more risky companies like Joe's Jeans (NASDAQ:JOEZ).
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