Gildan Activewear: They Can't Make Product Fast Enough

Filed under: Canada

There aren't many companies that can't produce enough product to meet demand in these tough times, but here's one of the exceptions: Gildan Activewear (NYSE: GIL). It's a Canadian company, based in Montreal, with production facilities in the Caribbean and Latin America that turn out a wide range of low-priced clothing from socks to sportswear.



It seems people can't get enough of what Gildan has to offer and profits are soaring. The company earned $0.50 a share in the third quarter, up from $0.32 a year ago and then announced it would begin paying quarterly dividends of $0.075 a share in 2011. Gildan also announced a buyback program for up to one million shares.

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Gildan Activewear: They Can't Make Product Fast Enough originally appeared on BloggingStocks on Mon, 20 Dec 2010 17:30:00 EST. Please see our terms for use of feeds.

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