Sunday, August 24, 2014

Like Our Khakis, The Gap Has More Room to Run

We recently retired our well-worn Gap (NYSE:GPS) khakis due to -- ahem -- size issues. They were good soldiers and we will miss their buttery soft familiarity and much admired drape, but an inch or two extra around the middle was needed. With the purchase of several new pair from Banana Republic, we are comfortable once again.
The shares remain in our comfort zone as well, though they are trading near their 52-week high after word Friday of the fiscal second quarter earnings beat and more robust guidance. (Dear reader: Click here for more).

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