Coach came out this morning and revealed that it had a "challenging" holiday quarter. Despite undeniable weakness in today's numbers, the knee-jerk reaction from the market feels a bit excessive. Coach's headaches seem much more the product of a weak retail environment than evidence of any sort of company deficiency.
Yet there is no denying that it's a tough time to be a luxury retailer. Coach may not deserve this sell-off, but that may not make it a buy today. If you're looking for something a bit safer in today's environment, you might want to check out the stock that The Motley Fool's chief investment officer has selected as his No. 1 stock for the next year. Find out which stock it is in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.
The article After the Crash, Is It Game Over for Coach? originally appeared on Fool.com.Austin Smith owns shares of Coach and Crocs. The Motley Fool recommends Coach. The Motley Fool owns shares of Aeropostale, Coach, and Crocs. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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