The report discusses Gymboree Corp's fiscal 3Q13 results, highlighting the company's challenges in its turnaround efforts, including increased promotional activity and e-commerce fulfillment issues. Despite strong inventory control and a $25 million bond repurchase, investor sentiment remains negative. The report maintains a long-term positive view on the term loan and a BUY recommendation on the bonds, citing positive free cash flow and potential for additional bond repurchases.
documents/vol00010-efta01466613-pdf.pdf
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