Description: Gap’s split up is a “sobering reminder” that companies cannot “repurchase” their way to greatness,” CNBC’s Jim Cramer said Friday.
Source: CNBC.com – video report
Date: Mar 01, 2019
Link: https://www.cnbc.com/2019/03/01/cramer-its-about-time-that-gap-decided-to-split-its-businesses.html
Questions for discussion:
- What does Cramer mean by saying “In short, buybacks don’t mean squat without a compelling growth story.”
- Do you think the restructuring and store closures can result in greater stock values?
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