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  1. Phil
    October 1st, 2007 at 6:59 am
    Thanks for nice comments guys!

    WSJ – Well of course it does, that’s why we made a Dow folder on Wednesday, there’s 30 exporters to play! I think we’ll see in earnings that domestic companies are in the toilet as people cut back but there will be good “surprises” from exporters, especailly clothing as the fall buying season came right on the dollar collapse so European buyers at trade shows were treated to a 10% discount for the Winter and Spring lines. COH is one I’m expecting to do well, GPS too, despite poor US sales as it’s a marginal purchase for foreigners where 10% would make a difference. COH on the other hand is not price sentitive but it’s the buyers themselves who stock up while things are cheap – I used to run an import/export co and, when you know you order X per month on a fairly steady basis, it pays to play the currency game when there are dips (you wanted the stuff anyway so there’s little harm in making a double order when the exchange favors you).



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