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The Great Atlantic and Pacific Tea Company (GAP) commonly know as A&P announced results, which continue to worsen. If this company is not on the critical care list it would be an excellent candidate. Management continues to talk about strategies to increase sales and reduce costs as well as why they look different now. But look at the cash position. It has dropped from $230 million on Feb 25, 2006 to $83 million Sep 9, 2006. Working Capital ratio has dropped from 1.98 on Feb 25 to 1.51 on Sep 9, 2006. There is no other conclusion to arrive at when cash is dropping.

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