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Hanesbrands (HBI-N) opinion on 2017-05-19

Last Price Recorded: 19.5000 on 2017-11-17

ON STOCKCHASE SINCE May 2016

clothing stores
PAST TOP PICK

John Petrides
Hanesbrands was $20.720 at time of opinion
Owned : Yes

(A Top Pick Feb 9/17. Up 3%.) Pressure on retail has hurt them. In 2012, cotton prices spiked. The company had a tremendous amount of debt. Management was focused on using their cash to pay down debt. At the same time, they embarked on a strategy called “Innovate to Elevate” an innovative commoditized category to elevate margins. They did so by imprinting tags on undershirts, etc. rather than having labels. Because of that they’ve been able to charge higher prices to get better margins. At 9X earnings, this is a very, very cheap stock.

BULLISH

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All opinions for HBI-N (4)

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