Savvy Trades and Investments

[wadegarret]

R59- CPRI

I've liked this one for some time. However important to note how bad it acted when the market got hit hard in early 2020. While I realize the average stock went down 33% from Jan 2020 to Mar 2020, CPRI went down around 80%, and was $8.50 in Mar 2020. Point being that CPRI is highly vulnerable to market corrections. I mean I realize that 2020 was a bad year for CPRI earnings wise, but it was $38 in Dec 2019, and spiked up to $42 by Dec 2020. In other words, if it was just bad earnings for CPRI in 2020, it wouldn't have spiked to $42 in Dec after reporting a bad year.

I also note that even with eps expectations over $6 during the early Ukraine situation, the stock went down to around $35-$40 from the $70s. My problem is that if the stock went down to $40 or so because of the expected lower demand in Europe from the Ukraine situation, and spiked all the way back to $68 in January, only to fall again to $37 now, that something is amiss. I mean Ralph Loren is sitting at 52 week highs ! Re, I haven't been following the stock for months now. Is there some reason the stock has almost gotten cut in half,despite having analysts expecting $6 for fiscal 2024, and $6.75 for fiscal 2025 ?