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Dec 20 2007
10:31AM
EST
Coach Shares Hit 52-Week Low
Coach Inc shares hit a 52-week low yesterday, a day after the high-end accessories retailer said it had lowered prices on a selection of its handbags.
On Tuesday, the company said it cut prices on several handbag styles that will be discontinued after the Holidays.
But many analysts said that market concerns were overblown, so maybe this Christmas a gift of Coach shares is a better buy than one of those discounted bags.
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