Sharie sells GPS 27.96: Is this really a company that should be trading at only 10.5 times earnings versus its five year average of 14.1 times earnings?

I don't really think one executive leaving is going to change the entire trajectory of the business, however. It looks like it has also benefited from solid management, which obviously helps drive results, so I can see why some analysts fear for Gaps' future going forward. Gap looked cheap even before today, but now I think there's even more reasons to consider shares. High yielding dividend now also adds income component. Gap is still a solid franchise, and it appears there's now a wide margin of safety baked into its shares.


Huong:
Gap shares sank 6.3% to $28.31, recovering from a low of $27.53 earlier.

Chloe:
Larsson's exit triggered several downgrades from analysts who viewed the development as a blow for the company.

Lynette:
Larsson, Old Navy reported positive comps for 9 of the 11 past quarters, with no comp declines.

Zora:
Tamminga pointed out that under Mr.

Chris:
Continued top management turnover in the mid to long term is also a concern.

Catina:
Meanwhile, Gap named Jill Stanton, currently the executive vice president of global product at Old Navy, as interim president while the company searches for permanent replacement.

Cinthia:
He will retain his roles of executive chairman and chief creative officer.

Coralee:
Stanton is a proven industry veteran with more than 25 years experience, including almost 14 years at Nike where she served as vice president and general manager of global apparel.

Yukiko:
A search for a new global brand president is already under way.

Valarie:
Chief Executive Officer Art Peck.

Gap (NYSE:GPS)
//stockhand.net/us/?q=nyse%3Agps&id=666940