The following video is from Friday's Investor Beat, in which host Chris Hill, and analysts Jason Moser and James Early dissect the hardest-hitting investing stories of the day.
Yesterday, Coach (NYSE: COH ) announced that longtime CEO and Chairman Lew Frankfort will be stepping down in 2014. Frankfort first joined the company in 1979 when Coach did just $6M in sales. Today, the company is worth more than $13B. In this installment of Investor Beat, our analysts discuss the future of Coach.
Coach may soon find its market share slipping away, as competitor Michael Kors takes off at a breakneck pace. Michael Kors is one of today's hottest high-end fashion brands, and that's translated into one of the best-performing stocks in retail -- since its debut on the market in late 2011, the share price has more than doubled. But with all that growth, has the stock finally become too expensive, or is there still room left to run? The Motley Fool's new premium report on Michael Kors gives investors all the information they need to make the right decision. We cover the key must-watch areas, opportunities, and threats to the company that investors need to know. To claim your copy, simply click here now for instant access.
The relevant video segment can be found between 0:15 and 2:36.