Coach is a longer-term restructuring play, like Urban Outfitters that Jim Cramer, Portfolio Manager of Action Alerts PLUS, and TheStreet’s Jill Malandrino are taking a look at. Coach now has a new management team in place, with a well-received creative director as the company transforms it brand strategy and still to comp with the new directives in place. In addition, the chart has been showing some momentum. Recent options flow has been strongest in the May 41 call contracts and that expiration falls after April 28 earnings. While Coach is frequently compared to Michael Kors, the former is already in the midst of the turn around and in the process of right sizing.
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