Did Lands' End Just Become a Must-Buy Retail Stock?

Lands' End (NASDAQ:LE) stock jumped over 33% in early trading this morning after the company announced a joint venture with WHP Global to monetize its intellectual property. The deal delivers $300 million in cash to Lands' End, most of which will repay its approximately $234 million term loan, with the remainder for general corporate purposes. It also includes a long-term license back to the company for continued use of the brand and a tender offer from WHP Global for up to $100 million in shares at $45 eac ...