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Countering Greenberg's Report on Hanesbrands

 Jun 27, 2008 08:38 AM UTC
Return Risk
-14.98% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
HBI Positive 06/27/08 -51.75% --

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  


Last week, Herb Greenberg's new firm Greenberg Meritz wrote <!---->cautionary words about Hanesbrands (HBI),
which is the top holding in my portfolio. The following morning, Credit
Suisse reiterated that the stock was a favorite idea in the market.
Hanesbrands is the top holding within my portfolio and is my favorite
stock within the consumer sector (although as I have mentioned on other
occasions I continue to like stocks which are benefiting from the
trade down effect while avoiding those who are prone to it).

GreenbergMeritz in their report questioned Hanesbrands' sales growth which theytermed uninspiring along with the quality of earnings and economicheadwinds that the company is facing. They also mention that Hanescontinues to be involved in a restructuring (due to their spinoff fromSara Lee a couple of years ago) and that the balance sheet and op

...




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