Tumi ($TUMI) Well Packed and Durable

We just completed our pre-IPO note for Tumi (TUMI $15 to 17). It's a high quality company that should attract quite a bit of demand from investors. Especially after the sizzling success of both Vera Bradly ($VRA - $27) which peaked at $50 and did a secondary offering and Michael Kors ($KORS - $43) which has been a stellar performer in the aftermarket.

Tumi is also benefiting from a dearth of new US listings in the category. Other than the two above there have not been many to chose from. Looking down the . . .

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