Id say 90% of all companies that have been affected by the recession will smash earnings estimates. The bars have been lowered, and all investors will see is "wow, things are getting better again". Still trillions sitting on the sidelines; not millions, not billions - TRILLIONS.
My guess is the Dow breaks 10K by friday??? Mark it and print it! A move through 10 will quickly propel us to 10.5 to 10.8 by years end (IMO). Switching to a BUY rather than hold now
I did my little "field trip" to Target and Walmart to check the HBI inventories. Compared to FOL, their shelf space is about even, but HBI is always half empty.
I say earnings will be blown out of the water. If I am wrong, I do as I have done (that has SAVED me many times over on every stock ive owned that I am CONVINCED will not go bancrupt) - I buy more and wait it out. Averaging down works every time as long as the company stays in business....lol.
I dont think Hanes is going anywhere. In fact, I believe in 5 years this will have had one MAYBE two splits. Just my oppinion, but I was SO uncomfortable being short on this thing - It actually worked out best I took a solid "lick" in 3 months time to get back on the right side of this stock.