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Charles Payne: Put Coach on Your Watch List

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  • Description

    FBN's Charles Payne breaks down Coach's stock performance.

  • Duration 2:15
  • Date

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-- It is time to make money with Charles -- this out he had a stock short of me coaching profits -- portfolio what -- clear that was politically unthinkable but it what do you -- I've got coats and I'm not saying to Biden right now OK but what I am suggesting is that people should put it on their watch list -- -- really good today.

Listen guy runs in -- Frankfurt am I haven't got a real big fan of this guy but they did got some work to do.

In -- way.

And -- that I can remember just anecdotally when we will go to the mall we always had to stop in the Coach you know and now we just kind of walk right by Michael quarters eat their lunch.

-- -- birds you know there's no wants is a lot of store -- eating their lunch but.

These guys have been around for a long time they started the company in 1940 once -- you have to reinvent yourself off a time after time.

Earnings have not been that great although.

Consensus expectations seem to have settled.

-- that what I will say is that they're grown big dependent got a 187 stores is from a 155 and China 96 stores.

Triple what they had just a few years ago -- the crawling around the country but.

But -- -- -- -- decent debt levels I was looking at some analysts notes they have revenue growth net income growth.

No major weaknesses although than just trying to perhaps freshen their of their parents -- that that's that that's the pitfall -- -- general you know and save a lot more fickle teen retail because it seems that more physical.

But certainly when means that aspiration all brand sort of fade it is still WW sort of making your move to the next level you know you -- -- and then luckily.

Couple -- years -- might go down on Walter -- amazing Ali where were you shop that's -- What I would say is a number -- technician though probably would by the sun care it's coming artists of 57 bucks right 57 bucks coming off a perfect double bottom on a 52 week chart.

And I used -- -- -- technical analysis but I wanna see some fundamentals turn around I wanted to be fully up I think at.

Day now Woolsey Canaccord two weeks ago upgraded the stock to -- I think it should be on everyone's watch list because is down huge from its 52 week -- You've got proven management Frankfurt -- but the company's got to show me something on the fundamental side although I know some technicians are probably buying into that it will keep it on the watch and I 5757.

Of the stock -- -- nicely -- -- I felt that around for the stories short.

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