The biggest problem with this US fashion group as an investment is that the good news is no secret.
The stock is seriously hot, having recently reported yet another brilliant set of figures with earnings for the second quarter up 79 per cent.
What inspires me to recommend the shares is the appointment in May last year of current chief executive (CEO). I am also struck by the fact that despite the brilliant performance and track record the share rating has not gone into orbit. One US commentator suggested that in a more normal market the shares would be trading between $45 and $50.
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