David Faber on CNBC just reported that Gap Inc. (GPS) has hired Goldman Sachs to explore strategic alternatives.  The stock has a 37% control from the founding family, so he said it is unclear if the company can be bought.

Just last week Faber telegraphed light talk that the company’s CEO Pressler is close to being forced out, and he is one of the top 10 CEO’s that need to go according to our own reports last month.

That can’t be more true.  That also kept the shares up last week after it showed disappointing results. Shares just jumped more than 5% after being flat to down slightly.

Jon C. Ogg
January 8, 2007