Rebound Possible For Gildan
Like many companies, Gildan Activewear (GIL) faced tough times in 2009. It had to delay the completion of a plant and defer other projects. Its bottom line tumbled 43% — the first annual decline since a 17% drop in 2001. But analysts see a big comeback this year. Profit is expected to jump 58% to $1.41 a share. Gildan makes T-shirts, sport shirts, socks and underwear for screen printers in North America, Europe and other international markets.
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