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Non-Tech : The Gap -- Ignore unavailable to you. Want to Upgrade?


To: HRM who wrote (75)7/14/1999 2:28:00 PM
From: Beltropolis Boy  Read Replies (1) | Respond to of 189
 
>And the debt is only 40% of last years cash flow from operations. This suggests that they probably could have accomplished all their objectives without the borrowing, but it would have left them with less flexibility going forward.<

thanks once again for the excellent feedback, harry. a good discussion and you taught me a thing or three.

i didn't mean to overly focus on debt, however, i very recently suffered a stock implosion with similar "warning signals." debt, inventory, and A/R were climbing, but management appeared to have legit rationale (due to previous production constraints and the transition of manufacturing to another country). when i saw similarities here, albeit on the surface, it sorta spooked me.

fwiw, i plan on pitching this one to my stock club next month. those boys and girls seem to love retail.

OT: got an opinion on SBUX new and improved price?

thanks again,
-chris.



To: HRM who wrote (75)8/5/1999 1:13:00 PM
From: Beltropolis Boy  Read Replies (1) | Respond to of 189
 
looks like 2% sss caused an imbalance at the open.

is this a back to school sale? i'm still holding off for now.

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Gap Inc. July same-store sales rise
August 5, 1999 08:46 AM

SAN FRANCISCO, Aug 5 (Reuters) - Gap Inc. said Thursday that total sales for July were $696 million, an increase of 22 percent over $572 million last year, while same-store sales increased two percent.

The retailer said sales for the 26 weeks ended July 31 were $4.73 billion, a 31 percent increase over last year's $3.63 billion. Year-to-date same-store sales increased 10 percent.

As of July 31, 1999, Gap Inc. operated 2,611 stores compared to 2,272 at August 1, 1998.