But ask him to pick a winner, and the answer is a nuanced one.
“I’d say right now, as in today, it’s Coach. But a week or two from now, Kors will most likely be the better opportunity,” he said Friday. “Why? The difference is all about price.”
Kors, Cramer noted, has had a great growth story, as well as a lot more risk.
The lock-up period, during which Kors insiders are prevented from selling their stock, expires June 20. That, Cramer said, spooks investors because it’s possible that insiders will be able to unload shares that are up 88 percent from the initial public offering six months ago.