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james jean prada bag Stock Exchange on Thursday. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.Luxury At An Affordable PriceWith the holiday season fast approaching, Coach's COH current valuation allows investors to own a strong luxury brand with enormous cash flow generating potential at a bargain price.Continued share buybacks and a reversal of North America comp store sales declines should contribute to stock returning to double digit earnings growth. International growth is a major opportunity for Coach and is beginning to have a more significant effect on earnings. FY 13 results demonstrated how profitable an opportunity international expansion has become for the company. Income oriented investors should find comfort in Coach's strong dividend yield 2.5% and high free cash flow yield 6.3%. While it is true competition has increased, Coach's brand transformation to a global lifestyle product company, coupled with a core focus on innovation and disciplined expense control, will allow Coach to maintain significant market share over the long term with only slight margin declines in North America. and in targeted international markets. Coach offers premium lifestyle accessories to a loyal and growing customer base and provides consumers with fresh, compelling and innovative products that are extremely well made, at an attractive price. Coach's modern, fashionable handbags and accessories use a broad range of high quality leathers, fabrics and materials. In response to Coach's customer's demands for both fashion and function, Coach offers updated styles and multiple product categories which address an increasing share of its customer's accessory wardrobe. Coach has created a sophisticated, modern and inviting environment to showcase its product assortment and reinforce a consistent brand positioning wherever the consumer may shop. Coach utilizes a flexible, cost effective global sourcing model, in which independent manufacturers supply their products, allowing them to bring their broad range of products to market rapidly and efficiently. Coach offers a number of key differentiating elements that set it