Oh Canada... Doh!

05/06/08 12:51PM EDT

Sticking with our theme of the GIL CEO's superior 'capital avoidance loss radar' we'd note the following...

1) The percentage of shares held by Canadian institutions accelerated in the back half of 2007, coinciding nicely with the 3.6m shares sold by (Canadian) CEO Chamandy.
2) By the end of December (when stock sales were complete), all analysts still covering the stock today had a Buy rating, and price targets peaked at $48.

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.