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Michael Kors bangles

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KORS shares have taken a hit over the past three months, down 10% vs. S&P’s 3% advance. Investors’ sentiment of a beat-and-raise quarter has shifted to the potential of an earnings miss and soft guidance, which pushed the valuation down to 17x next years earnings compared with its peer average of 20x.Michael Kors bangles I see the pullback before the earnings as a good set up for a positive surprise especially when KORS has beaten consensus by on average $0.16 over the past four quarters despite undergoing an investment cycle. That said, I will be a buyer heading into the quarter as I see KORS’s focus on accessories and handbags allows the company to withstand the structural shift towards cheaper alternative brands (ie. H&M and ZARA) and its investment in ecommerce and international to drive the next leg of revenue and earnings growth.

Simon Property Group, Inc., Simon or the Company,Michael Kors bangles is a Delaware corporation that operates as a self-administered and self-managed real estate investment trust, or REIT, under the Internal Revenue Code of 1986, as amended, or the Internal Revenue Code. REITs will generally not be liable for federal corporate income taxes as long as they distribute not less than 100% of their REIT taxable income. Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this discussion, the terms “we”, “us” and “our” refer to Simon, the Operating Partnership, and its subsidiaries.

We own, develop and manage retail real estate properties, which consist primarily of malls,Michael Kors bangles Premium OutletsĀ®, and The MillsĀ®. As of December 31, 2015, we owned or held an interest in 209 income-producing properties in the United States, which consisted of 108 malls, 71 Premium Outlets, 14 Mills, four lifestyle centers, and 12 other retail properties in 37 states and Puerto Rico. We opened four outlets in 2015 and have three outlets and two other significant retail projects under development. In addition, we have redevelopment and expansion projects, including the addition of anchors, big box tenants, and restaurants, underway at 29 properties in the U.S. and Europe.

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