Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Spin-Off

Lands End $LE starts trading as public company

As a reminder, Lands End (LE) started trading as a public company today. We previously covered the spinoff here. In Sears’ most recent earnings report, Lands’ End was a one of the few businesses that showed strong growth (net income of $79mm, up 58% yr/yr).

Recent 10K (Link):

 

 

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