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Who doesn't love to buy something top of the line at a sharp discount?
It's almost irresistible.
That's how Jim Cramer feels about Coach the maker of luxury accessories and apparel. At current levels, he thinks buyers are getting quality at a price that can't be beat.
"I know that Coach has been a real dog lately, but I think it could be approaching one of those 'every dog has its day' moments," Cramer said.
Coach has drifted about 30 points from its high with a substantial part of the weakness due to disappointing quarters, including the most recent miss in January which showed Coach's same store sales declined by 2%.