The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor/analyst Austin Smith and technology editor/analyst Andrew Tonner discuss topics across the investing world.

Today, Andrew and Austin talk about the incredible growth story that is Michael Kors. The luxury goods company is trading at more than twice its IPO price. The company has the amazing title of being the second most successful IPO of last year, a tall order considering the 125 members of the IPO class. Yet, the company keeps on ticking with margins at the upper end of the industry, 61% revenue growth, and only 231 stores.

That's the profile for rapid and sustained growth, at least in the short term. The company's brand strength has allowed it to sell lower-priced watches at retailers like Macy's, right next to Ralph Lauren, without diminishing its brand strength. Investors need to be on the lookout for these guys in the future.