Unifi, Inc. (NYSE:UFI)
A diversified North American producer and processor of multi-filament polyester and nylon yarns, including yarns with enhanced performance characteristics.
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High Volume breakout on 02/19/13
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Everything setup as planned.
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Think polyester as a substitute for cotton which has reached historical high pricing. Unifi is an outstanding polyester fiber/fabric producer.
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UFI turned a profit this quater in a terrible American textile market. Although they have reported a loss for several years, the loss has consistantly decreased. I think the market will respond poitivily. This one's going up!
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Statements. Profits...
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value line says may have strong uptick potential
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It appears that the domestic textiles business has bottomed out. UFI recently made a move towards consolidating this industry by acquiring Dillon yarns and with Congress now in Dems hands they are going ot be focused on leveling the playing field for domestic manufacturing.
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0.3 Price/Book
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