This past July, I wrote a rather bearish piece on Fifth & Pacific (FNP), the parent company of Kate Spade. In it, I posited that the sum of the parts was much less than the entire company was being valued at. At the time, there were several huge news events surrounding FNP and since I wrote that article, many of them have materialized as fact from rumors. However, FNP shares have risen even further from when I called it too expensive and at this point, we've got some more color on what FNP looks like now and going forward. In this article, we'll take a look at what FNP has done since my original article and what it means...
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