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Non-Tech : Donna Karan
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To: Eric Shih who wrote (28)3/27/1997 9:19:00 PM
From: ted quinn   of 114
 
The earnings were right on target (breakeven) with the jeans deal extraordinary loss excluded. The revenue growth was tremendous. The CEO and CFO both said that lowering costs (and earning profits) is now the main goal. All they have to do to earn .25 per quarter is to post net profits of $5 million each quarter. That $5 million is only 3% of their quarterly revenues! With their exploding revenues, they can easily boost profits by cutting some costs (overhead, expensive marketing, etc.).

Also, you should know that Hilfiger, which has the same revenues as DK, is valued by Wall Street at 10 times what it values DK at! Market cap for Hilfiger is $2 billion; DK is approx. $200 million. That means the DK stock price is way undervalued. Furthermore, I know the price will jump way up when they announce they have a licensor for the beuaty business (which has been a drag on earnings.) The company says that will happen sometime in the April-June quarter.
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