Dressing Up The Gap

Most retailers have seen their shares pummeled, and Gap (GPS) has been no exception. Its stock, now at 25, is down 45% so far this year. This specialty apparel company, which operates Gap, Banana Republic, and Old Navy stores, has had worse-than-expected earnings in the past three quarters. So why is growth money manager David Post, of the investment outfit Harris Bretall Sullivan & Smith, so upbeat on the stock?

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