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.
The relevant video segment can be found between 0:15 and 2:36.
James Early has no position in any stocks mentioned. Chris Hill has no position in any stocks mentioned. Jason Moser has no position in any stocks mentioned. The Motley Fool recommends Coach. The Motley Fool owns shares of Coach. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.