Gap Chief Spins Yarn Investors Find Hard to Swallow, Beazer Junk Sells Off |
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June 09, 2011 |
June 2011 Bond Updates
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The similarity between the fortunes of clothing retailer The Gap and the broader U.S. economy were highlighted in speeches spanning the past 24 hours. Mr. Bernanke's depiction of the weakness in the household sector left the impression that the economy is hanging on by a thread. The same story is apparent for Gap Inc. where investors sold shares left hanging on a thread following a recent earnings miss at the company. Harsh words from its CEO met with a broker downgrade and the picture got uglier.
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View more at: http://blogs.forbes.com/greatspeculations/2011/06/08/gap-chief-spins-yarn-investors-find-hard-to-swallow-beazer-junk-sells-off/
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