The Globe and Mail reports in its Saturday edition that a short-seller issued a bearish report on Gildan Activewear last week, driving its share price down 19 per cent on Tuesday, possibly creating a buying opportunity. The Globe's David Berman writes that short-sellers profit when stock prices decline, often using detailed reports to sway other investors. Jehoshaphat Research accused Gildan of inflating revenue growth through channel stuffing in a recent report. Jehoshaphat believes Gildan's revenues will suffer in the second half of this year. If the case against Gildan is that it's facing stiff headwinds, the share price appears to be reflecting this dim outlook already. What the stock is not reflecting is the compelling business case from Gildan's acquisition of HanesBrands in December, which includes cost savings and profit growth, even if there are a few hiccups in the early months of the merger. As well, Gildan has rewarded investors over the long term. Over the past three years alone, which includes last week's sharp sell-off, the share price has gained 80 per cent. For new investors, Mr. Berman says today looks like an attractive entry point for a stock that has a record of delivering stellar returns.