Kate Spade Is An Interesting Turnaround Story, But Tapestry Is Now A Sitting Duck

In my view, the prospects of the current turnaround succeeding are good. The low valuation offers a theoretical floor to the losses, mainly, because a slump in the share price will, likely, attract some M&A action. Therefore, I remain positive in this company.

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Disclosure: I am/we are long TPR.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company ...

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