This week, we'll be reviewing five leading companies that recently posted quarterly earnings. Gap has been in the Rule Maker portfolio for just more than a year, having entered on May 1, 1998.
Gap is the third best-performing stock in our portfolio.
And so it was with great anticipation that I awaited Gap's trip to the market microphone to announce its first quarter numbers. For investors focused on the income statement, Gap registered an outstanding quarter. And, like clockwork, Wall Street went into action. Retail analysts at investment bank Lazard Freres started the applause. Uh, mmm, nope.