What Happened When Alex Kenjeev Paid His Student Loan in Cash
America's 10 Highest-Paid CEOs of 2011 (and How They Earned It)Yesterday, I wrote about Jim Cramer's prediction that The Gap, Inc. (NYSE:GPS) would be taken private in the not-so-distant future. Today, the Motley Fool continued the speculation with a series of "Dueling Fool" posts debating the future of the company.
One argument for taking the company private is that we are in the midst of "feeding frenzy" of leveraged buyouts and that a favorable private equity deal may not be favorable a few years down the road. Going private would remove the company from the scrutiny of public opinion and allow the company to take more drastic steps to improve.
If I were a shareholder of Gap, I would probably support the idea of a sale. The company has been under-performing for years and the turnaround efforts have not worked. A buyout could put Gap shareholders out of their misery at a nice premium to the current price.
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