Feb 7 (Reuters) – For all the questions over whether
Gap Inc (GPS.N: Quote, Profile, Research) can turn around its business after years of
disappointing sales, it might still be a good retail stock to
bet on this year.
Some analysts and investors say Gap’s thick stash of cash
and cheap valuation make it a good investment even if sales
continue to decline a few percentage points this year, pointing
to $500 million in costs that were taken out from fiscal 2007