Actually, I am, though hesitantly so. After an ugly Q3, the company is making a little headway, but we still have to see how this holiday season plays out. Inventory management is key, and they have to figure out a way to get folks back into their older stores. November comps point to that becoming a reality which is encouraging. I'm holding, even in spite of the Rule Maker's sell.
Gap is in transition right now.
They are working hard to fix a bunch of well-documented problems. They are putting together new marketing and design teams, trying to improve their products, and trying to get more customers in the door. Even with all of those problems, I think the company is making headway, like Lou said. Overall, I think Gap is still one of the best retailers out there, and just about the only one I would want to invest in for a long time. I'm with Lou on this one.