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After a singular career as a financial journalist focused on discovering ticking time bombs in public-company financial statements, Herb Greenberg has teamed with Debbie Meritz to start independent research firm Greenberg Meritz Research & Analytics. In the firm’s very first report (made available here with permission), Greenberg and Meritz raise several questions about the performance and prospects at apparel company Hanesbrands – so many, in fact, that after doing our own work, we shorted the stock.

The entire 14-page report is available here. 

Last week, Herb Greenberg's new firm Greenberg Meritz wrote <!---->cautionary words about Hanesbrands (HBI), which is the top holding in my portfolio. The following morning, Credit Suisse reiterated that the stock was a favorite idea in the market. Hanesbrands is the top holding within my portfolio and is my favorite stock within the consumer sector (although as I have mentioned on other occasions I continue to like stocks which are benefiting from the trade down effect while avoiding those who are prone to it).

GreenbergMeritz in their report questioned Hanesbrands' sales grow