Tefron (TFR), a textile company that manufactures boutique-quality everyday seamless intimate apparel, active wear and swimwear that is sold throughout the world by such name-brand marketers as Victoria’s Secret, Nike (NYSE:NKE), Target (NYSE:TGT), and The Gap (NYSE:GPS), has seen its stock fly over the last week, surging over 18%. The surge is coming on no news, but it would make sense that simply the heavy selling of late was way overdone, and a bit of rationality has taken over. Or could it be that Iranian President Ahmadinejad, actually paid attention to our blog, and started buying up Tefron stock.
As I previously mentioned CEO Yos Shiran was optimistic for Q4 and all of 2008, and thought that the worst was behind the company. I would expect to see a continued upside in Tefron stock.
Disclosure: The author’s fund is long TFR as of October 11, 2007, but has no positions in any other companies mentioned.