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Chamandy's Profit Doubling Strategy
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Overview
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Former Gildan Activewear Inc. CEO, Glenn Chamandy, unveils a bold strategy to potentially double profits by 2028 if he returns, emphasizing increased borrowing, stock buybacks, and limited acquisitions. He targets a stock price surge to $60 by the next year and exceeding $100 in five years.
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How might Chamandy's proposed financial tactics impact Gildan's market standing and investor perception?
In what ways could Gildan's competitors respond to Chamandy's aggressive growth plans and stock price targets?
What challenges could arise in executing the strategy of doubling profits within the specified timeframe?
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