The Great Atlantic & Pacific Tea Company (GAP)
The Company is engaged in the retail food business.
Recs
The latest runup reports say may be the result of a short squeeze on news of a merger. Who is going to buy this company, though? With over a billion in debt and not turning a profit yet, and insiders are selling... Major corporations don't need this brand name and if they did I think around 4X the book is the limit. (Not to mention that half the equity here is relying on Goodwill of $460M and total equity currently stands at $203M) There's plenty of commercial space available and in any event this one going to be hard to give away. Especially, at this price. Short this.
Recs
There are no TARP's for badly run supermarkets. GAP hasn't made a profit in years, has a ton of long term debt, and can't even shed more stores in this real estate environment. What's to like?
Recs
thegreatsatan
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retail is dismal
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priority shorts screen
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i like tea looks to be coming back up
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it is horibble and stupid

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