GIL: Adding Gildan Activewear to Investing Ideas (Long Side)

08/14/18 03:00PM EDT

Below is a brief note from CEO Keith McCullough on why we're adding Gildan Activewear (GIL) to the long side of Investing Ideas today:

Rather than chasing alongside the crowd on green, here's a stock I've been waiting and watching on that you can buy on red today.

Gildan Activewear (GIL) is a name that Brian McGough's Retail/Apparel team recently added to their Best Ideas (Institutional product) list.

Here's an excerpt that summarizes the dynamism within GIL's current margin structure:

"GIL has recently invested in new capacity that has temporarily lowered RNOA, and is beginning to backfill demand in both its screen printing business (where it has 70% share of t-shirts, for example), as well as in its branded business in US mass channels (displacing HBI along the way). That accelerates growth, lifts margins, and leverages fixed assets." 

GIL: Adding Gildan Activewear to Investing Ideas (Long Side) - z gil 2

GIL: Adding Gildan Activewear to Investing Ideas (Long Side) - z gil

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