Even if it manages to avoid breaching its covenant this quarter, the company may not be able to forestall the debt-covenant day of reckoning much longer, as long as its EBITDA continues to erode, ... And that is the substance of our story - that Gap is flirting with a serious liquidity problem.  -   Eric Fry     Quotes
Even if it manages to avoid breaching its covenant this quarter, the company may not be able to forestall the debt-covenant day of reckoning much longer, as long as its EBITDA continues to erode, ... And that is the substance of our story - that Gap is flirting with a serious liquidity problem. Eric Fry