Friday, June 12, 2015
On June 12, 2015 I purchased 15 more shares of the luxury handbag maker Coach Inc (COH) for $35.12. Slightly above my initial 9 share purchase over a year ago at $34.75. They have struggled in recent years to grow market share with a lot of competition. The dividend has been steady instead of growing while they execute a turnaround strategy. A lot of rumors have been swirling around of a possible acquisition for more than shares are worth today. History shows between 2002-2005 they had three different 2 for 1 splits according to Morningstar. They have a long history dating back to 1941 and I think their new strategy of becoming a lifestyle brand, the new designers with experience, and recent acquisition will pay off in the long term.