Gap's separation event last year may have strengthened the paper case for GPS ahead of the spin-off of Old Navy.
But practical concerns are rising, including one still-unanswered question: why, exactly, is the split necessary?
GPS comes down to trust at this point, but below $20 still seems worth the risk - though I've said that before.
The problem for Gap Inc. (GPS) stock right now clearly is trust. There's an obvious, and relatively simple, case for the stock on paper ahead of its looming spin-off of Old Navy. Old