Legendary investors such as Jeffrey Talpins and Seth Klarman earn enormous amounts of money for themselves and their investors by doing in-depth research on small-cap stocks that big brokerage houses don't publish. Small cap stocks -especially when they are screened well- can generate substantial outperformance versus a boring index fund. That's why we analyze the […]...
(Bloomberg Opinion) -- An overdue change is coming to Gap Inc.The retailer announced Thursday that CEO Art Peck, who has led the company (which also includes Banana Republic and Old Navy) since 2015, will step down. The company’s chairman, Robert J. Fisher, will serve as interim CEO while the board hunts for a successor.Under Peck’s tenure, the clothing retail empire never found its stride. The namesake chain has struggled with merchandising issues, from ill-fitting garments to unfashionable looks to the wrong mix of tops and bottoms in its stores. Banana Republic erred by veering too trendy instead of sticking with the sleek, classic professional attire its customer sought. Both brands have gotten stuck in a spiral of near-constant discounting, relying on “40% off” promotions to carry the business when the fashion itself wasn’t enough to get people in the door.Old Navy, which for many years was the rare bright spot of...
