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This Left-for-Dead Stock May Finally Be Ready to Rally

This Left-for-Dead Stock May Finally Be Ready to Rally

It's been a tough year for apparel manufacturer Hanesbrands (NYSE: HBI). As sales tumbled and cash remained tied up in inventory, Hanesbrands was forced to eliminate its dividend earlier this year as it tried to shore up the balance sheet. Since peaking in mid-2021, shares of Hanesbrands have lost about 77% of their value.