Coach (NYSE: COH) is one of the best operators in the luxury-goods space. It's also one of the cheapest you can buy today.
Even in an environment of weak consumer spending the past few years, Coach was able to deftly manage its wide gross margins, indicating the durability of its brand. Now, with Coach putting China in its sights, the company could unlock enormous growth going forward.
China already accounts for 25% of the world's luxury-goods purchases, and with a rapidly rising middle class, that's just the tip of the iceberg.
See more in the following video.
