Tiffany is an excellent company but our brand portfolio is strong enough.

It's not something we're actively looking at, at all.

It's its own little company, I shouldn't say little. It's its own big company.

Emotionally it can be rather significant to see the net value of your company eliminated or cut significantly.

We are troubled by the continuing decrease of the value of our investments in the company and are pleased that management and the board of directors are considering steps to stem the loss of shareholder value, ... However, as long-term investors, we want to be assured that the options are being considered to promote growth and stability in the long-term, and not simply to produce a short-term boost in the stock price.

They are testing spaces which are obviously interesting in the long term success of the company.