Alpha Vulture on X
Tough end of the year in merger arb land $BATL, $RVNC, $X, $ACI, $CPRI
NYSE
Capri Holdings Ltd
CPRI
3 stories
$1.7B Market cap · 2026-10-12
Brian McGough on X
$CPRI only missed by $0.07 -- with EPS of $0.65. I was seriously bracing for earnings to come in closer to break-even given that nobody is running that company. Shows the resilience of margins at Kors. That brand is trading at 1-2x EBITDA, which is just nuts...
Brian McGough on X
$CPRI is is fascinating on this sell off. When you do the math on a sale of Versace and Jimmy Choo (for 10-20% less than initial purchase price) it suggests that the Kors brand is trading at 1x EBITDA with the stock at $19. This market is throwing away the baby with the bathwater...
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