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The Gap, Inc. Message Board

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  • spentz Feb 26, 2011 9:51 AM Flag

    Rumor has it hedge fund moving in

    This has been a rumor for years, but I think this year it might actually happen.
    Over the past 6 years, GPS has bought back nearly 50% of its outstanding shares, and that includes 12% during 2010 alone. Plus they just authorized another $2 billion in buybacks. This has been smart by the company because the price of GPS has remained range bound for a long period of time.
    Also, GPS is slimming its stores down and focusing more on its global expansion into vibrant BRIC countries while closing underperforming U.S. stores.
    Despite rising commodity costs, GPS still has strong cash flow that it is returning to shareholders.
    Jim Cramer also said GPS would be bought out years ago. Cramer can sometimes be premature in his predictions, but in the end right.

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