When Liz Claiborne Inc.'s stock recovered Thursday by almost the full amount it sank Wednesday after the vendor reported a sizable loss, the word on the Street was that speculation over Claiborne selling Mexx drove the market activity.
After all, it could be argued the sum of Claiborne's parts are worth more than the current approximately $14 stock price would suggest. The company's market cap is about $1.4 billion, plus approximately $760 million in debt, bringing the enterprise value to about $2.1 billion.
