they are paying divvys again,as i see it their competitive...

they are paying divvys again,as i see it their competitive advantage is the well recognised brands they manage.

a durable competitive advantage isnt that what mr buffett said,the economic downturn appears to have hurt them but they have restructured,doing a buy back and cancellation.

yes i guess its priced for risk, currency ,cotton and demand
but if it works and the divvy increases in time, people will still be wearing underwear.

i am in at just below 60c,maybe fiscal restraint in europe will bring lower sales--i remain optimistic