One stock that was on my watch list this week was Michael Kors Stock (KORS).
Here is an analysis of the stock following the announcement of its acquisition of Versace for $2.1 billion.
Investors’ reaction was primarily negative on Tuesday following the news of the acquisition but my outlook was different as I setup this trade. For investors following Michael Kors Stock (KORS), Wednesday may provide better prices and opportunities.
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk.
