and that obviously, a takeover by lvmh would take the stock much higher. seen other apparel plays go higher. timberland, acquired by vf corp. 43% premium. if coach got taken over for the same valuation that vf corp paid for timberland, coach would be 56% higher than it is now. let's do some other comparables. j. crew taken private. mickey drexler, much better than coach, but taken private in 2010. and warner acquired by pvh. those deals had lower prices than timberland. you use a valuation for a coach takeout like that, you still get a 25% premium to where coach is right now. i like that. plus, it's not like coach is sitting there getting shot at and doing nothing about the dilemma, saying i'm sorry. sorry that we're not improving. the company has been taking action. we learned a month earlier that coach's long-time ceo lou frankfurt will be stepping down at the beginning of the year, although he will stay on as chairman and be placed by victor luis. and he has led the company's expansion to asia, a huge growth driver for the stock. lou did a pretty good j