Low profits, buyout rumors plague Michael Kors

Market confidence in KORS shaken after recent announcements

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Fashion investors looking to increase the dollars in their Michael Kors (MK) handbag as well as their investment portfolio may find themselves in a “buy low” position, waiting on an opportunity to “sell high.”

After recent reports that Louis Vuitton (LVMH) was interested in acquiring Michael Kors Holdings Ltd. (KORS:NYSE), LVMH has now denied those rumors.

Online resource, Benzinga, reported the luxury handbag designer’s disclosure of lower than expected 2017 EPS, is making Wall Street analysts second guess KORS’ future, while fans of the brand are hopeful to buy their favorite handbags, new MK Smartwatch or even a few shares of KORS on sale!

 

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