GIL, Gildan Activewear Inc.

GIL dec 21 2012 bgil dec 21 2012 s

There is a lot of ambiguity in these counts. They may not be correct but nevertheless we believe in the when-in-doubt-get-get-out approach. Another $4 or so up is quite possible and would make the whole picture a little more symmetric but we got to within 12 cents of double-topping and given all the uncertainties sticking around does not seem advisable, certainly not with a stock that drops by more than 50% every two years lately. Profits in the most recent quarter were up by 82% and the dividend was increased by 20% .A sell.