Michael Kors rocketed out of the gate today on impressive earnings. Shares closed up 17% on reports of a 71% surge in revenue. The company had one of the best IPOs over the past year, with incredible staying power. Not all that glitters is gold, though. Kors plans to push globally into the Europe and Japan markets, which may not be the best move at this time. The company is also priced to perfection at the moment, and Austin believes any hiccup could send shares sharply lower. Overall, a great company, but Coach is more appealing to him as an investment
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