Below is a note from CEO Keith McCullough on why we're adding GAP (GPS) to the short side of Investing Ideas:
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I guess consensus concern is that the low-quality Retailers are going to "not go down again"... After going down hard earlier in the month, our Retail Sector Head Brian McGough and his team remain in the camp that these stocks can and will go down. On Gap Inc (GPS) in particular, he doesn't think GPS's Q4 numbers are doable, and they'll be setting up for a round of store closures. Short the bounce, KM |
