With all this prattle from clueless shorts about chapter 11 filings and the end of the world etc.,etc. It is time to open the Kimono. What do we have here ? Balance sheet that has been steadily improving. Income statement that is getting stronger and an aggressive debt reduction program to boot. So long as sales revenue remains in a stable range this stock has a nice lift in front of it. I do not want a dividend here. For those that do it is a waste of capital at this point. The debt reduction will enhance the balance sheet and earnings while providing for a better future cash flow. I support the managements efforts.
Let the short sellers explain how the drop in world wide cotton prices by 22% year over year is going to be bad for HBI. The facts are the earnings will be ensured growth. Shorts are going to catch the proverbial falling axe right in their margin accounts. Ouch !! With the company improving the balance sheet and revenues stable and a cost reduction of their most important basic resource it looks like a nice reversal coming back to 52 week highs before year end.
It has been the huge debt load holding this stock back. Now that there's a plan and action to reduce it substantially, the market is going to respond.
I don't know what kind of investors bought this stock expecting a dividend. This is one you buy to watch the share price rise and take your profits from that. I can't imagine when of if this stock will ever pay a dividend and I frankly don't care as long as share price continues to steadily rise.