Thursday, January 25, 2007

Cramer Sees Buyout of Gap (GPS)

On Mad Money, Jim Cramer comments on Gap Inc. (NYSE: GPS). Cramer said despite the bad news the stock doesn't want to go lower. He also said despite views to the contrary, the company can turn around operations.

Cramer thinks the stock can go much, much higher. Cramer said multiple private equity firms want to buy the company. He specifically mentions private equity firm Thomas H Lee as a possibility. Cramer predicts that Thomas H Lee could take the company private at $25 in the next 6 months.

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