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Cramer: Coach Is a Tired Product

Jim Cramer: I know Lew Frankfort will take umbrage with this, but Deckers (DECK) was hot and Deckers ran out of room.

Debra Borchardt: Deckers - that was because of Uggs and that was a viral product too.

Jim Cramer: They entered a men's line with Tom Brady. They won't admit that it's a flop. They'll tell you, "Listen, it's early..." These are companies that have run out of steam. It's okay. It's not a typewriter company. It's not going to go away. It's just that this inconsistency is not ownable. This stock is not ownable. I don't want to play the bounce.

Debra Borchardt: Right. Some people look at it sometimes and think, "Well you know Crocs (CROX) was a dead stock too and it come back." but it didn't really.

Jim Cramer: It took a long time. Krispy Kreme (KKD) took a long time. Coach just reported a bad number. You don't get a fix in six hours. I think even though it's tempting to play the bounce, I don't want to touch it.

Debra Borchardt: All right, so don't touch Coach folks.

Jim Cramer: No.

--Written by Debra Borchardt in New York.

>To contact the writer of this article, click here: Debra Borchardt.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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