To much fanfare, women’s accessories and handbag purveyor Vera Bradley (Nasdaq:VRA) first went public at the end of 2010. The stock opened at around $27 per share and quickly rose to $50 per share, but has recently fallen close to the IPO price of $20 per share. Fashion is fickle, as are underlying customers, but at the current price investors are arguably overly bearish on Vera Bradley’s future prospects.

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