After having been a long term holder of COH (even some shares since IPO) I have sold some from time to time, and exited fully just before COVID-19 fall. After every exit I have wondered at what price I would reenter (and I have done from time to time) - because COH has had a good underlying business , but always a high P/E, sometimes way too high and it has had significant problems and setbacks from time to time. So, early this year COH was on a P/E of ~50 (PLUS 50). Now it is on a FY20 P/E of ~50 (MINUS 50). If you are very optimistic about COH recovery in FY21, it is on a FY21 P/E of about 80 (PLUS) I reckon. And the run of COVID-19 through our world disrupting medical procedures is far from done. So, I don't see a reentry point yet. Any contrary views?
COH Price at posting:
$214.98 Sentiment: Sell Disclosure: Not Held
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