FNP: Gotta Get Long

12/21/12 12:21PM EST

We added Fifth & Pacific (FNP) to our Real-Time Alerts this week as the quantitative setup clicked with our fundamental views on the stock. Our bullish stance comes from several factors, mainly that the stock has more unrealized value than many other names in retail. The Kate Spade brand is strong growth driver while Lucky Brand helps contribute to cash flow. While the Juicy Couture brand we view as a risk, we believe that FNP will soon get rid of the brand through a sale of some sort. We view 2013 as a good year for FNP and see upward revisions on the earnings side going forward.

FNP: Gotta Get Long - FNP

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.