In his latest article for MSN’s Top Stocks blog, Validea CEO John Reese says that despite Burberry’s recent profit warning, the luxury goods industry is offering a good deal of value.

“When the financial crisis and Great Recession rocked the U.S. and global economies back in 2008, it was supposed to be the death knell for luxury goods companies and their stocks,” Reese writes. “After all, the U.S. consumer was dying, the pundits said, and who buys thousand-dollar handbags on their death bed? But the last few years have shown that American consumers, while taking blows, are alive and kicking. … Combine that resiliency with growing middle classes in emerging market nations like China, and luxury goods companies have actually fared pretty well recently.”

Reese looks at a handful of luxury goods stocks that his Guru Strategies are high on, including Coach, Inc., which has gained more than 100% for his Warren Buffett-inspired portfolio since September 2009.