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Not Your Everyday Apparel Company
By Stephen D. Simpson, CFA (TMFWildWeasel)
July 26, 2006

I guess VF Corp. (NYSE: VFC) missed the meeting where it would have been told that apparel makers are supposed to produce fairly meager margins and seldom, if ever, produce a return on capital in excess of the cost of that capital. After all, with fickle mall rats making today's True Religion (Nasdaq: TRLG) tomorrow's Members Only and plenty of Indians and Bangladeshis willing to work for peanuts, how is an American apparel company supposed to compete? .......
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