Coach (NYS: COH) is one of the best operators in the luxury-goods space. It's also one of the cheapest you can buy today.
Even in an environment of weak consumer spending the past few years, Coach was able to deftly manage its wide gross margins, indicating the durability of its brand. Now, with Coach putting China in its sights, the company could unlock enormous growth going forward.
China already accounts for 25% of the world's luxury-goods purchases, and with a rapidly rising middle class, that's just the tip of the iceberg.
See more in the following video.
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The article Why Coach Is a Screaming Buy Today originally appeared on Fool.com.
Austin Smith owns shares of Coach. The Motley Fool owns shares of Coach, lululemon athletica, and Tiffany. Motley Fool newsletter services recommend Coach and lululemon athletica. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.