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NEW YORK (
) -- Retail sales may not yet be out of the woods, but Jim Cramer told Debra Borchardt at
Thursday that he'd be a buyer of
after the company both reported earnings and announced the acquisition of Intermix, a high-end retailer.
Cramer said Gap remains a well-run company and investors shouldn't be concerned the stock didn't immediately pop on the news. He said unlike a lot of retailers, there aren't a lot of investors shorting Gap, which makes for a more stable stock price.
Cramer said he likes that Gap will now have multiple brands under one roof, as
does, and would use any weakness in the stock to start a position.
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-- Written by Scott Rutt in Washington
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