‘It’s about time’ that Gap decided to split its businesses

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Gap‘s split up is a “sobering reminder” that companies cannot “repurchase” their way to greatness,” CNBC’s Jim Cramer said Friday.

The “Mad Money” host gave an exception to AutoZone‘s buyback program that was coupled with a growth story, but said it’s “pathetic” that shares of Gap gained just 5 points from $20 to $25 since early 2008. He was critical that the retailer opted for stock buybacks, cutting outstanding…

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