1. Kate Spade is Exploring Ways to Sell Itself — and the Stock is Soaring (KATE)

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    Kate Spade is Exploring Ways to Sell Itself — and the Stock is Soaring (KATE)

    Kate Spade is up 11.18% at $21.87 a share as the company said it is "reviewing strategic alternatives," in a press release issued on Thursday.  The handbag and accessories maker is under pressure from New York-based hedge fund Caerus Investors, which sent its board a letter in November pushing for a sale of the company...

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    1. We have become increasingly frustrated by management's inability to achieve profit margins comparable to industry peers.

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