basically, LTD seems undervalued because people aren't taking into account certain aspects of their business right now. they've sold off most of their ownership of express and the limited clothing, and they're going to focus more on Victoria's Secret (their gem) and Bath & Bodyworks. Additionally, there's poor representation of Mast Industries in their financials, which makes the company easy to overlook. overall one should expect an instrinsic value for this company to hover around 32 dollars/share.