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AUTHOR
DATE
SUBJECT
7
member
8/03/16 6:09PM
Q2 update
Hanesbrands reported Q2 earnings yesterday post-close. The Company missed expectations on much weaker than expected sales (even with the benefit of a lower than expected 6% tax rate). For the first time in many quarters,... login to read the rest
We've looked at benchmarks but hard to get a great comp. For Gildan, they have cornered the printwear market (including squeezing HBI out of the business a couple years ago). They now have a virtual monoply... login to read the rest
Jbur -- thanks for the idea. Agree the addbacks seem aggressive and point to some quality of enarings issues with the company (at a broad level there is a bit gap between GAAP and operating... login to read the rest
jso1123 - They have since increased the adjustments from $85MM to $160MM on May 31 (they also lowered GAAP EPS to $1.51 - $1.57 from previous guidance of $1.63 - $1.73). Its a repeat of... login to read the rest
Azalea - most of what Noll still owns is non-vested stock. Its in the proxy. He unloaded the vast majority of what was saleable. And the timing of the sales, as pointed out, was very... login to read the rest
jbur - thanks for this write up. One quick question: I hear you on all the historical non-GAAP adjustments but if you look at 2016 guidance they have guided to $85mm in adjustments which is... login to read the rest
Are you sure you want to close this position HanesBrands?
By closing position, I’m notifying VIC Members that at today’s market price, I no longer am recommending this position.
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