I added more to my position in Hanesbrands Inc (HBI) today at $20.43/share. Took advantage of the continued price drop. Since I already have a good size position, I may sell some shares if the price should pop in the near term. I think at this level, it’s a good opportunity. My opinions on this company […]
I added more to my position in Hanesbrands Inc (HBI) today at $20.766/share. Took advantage of today’s price drop due to First-Quarter 2017 Financial Results. However, they reported in line with what they expected. The results should have been expected. The issue is the 4% drop in organic sales due primarily to lower sales in the […]
I added more to my position in Hanesbrands Inc (HBI) today at $20.34/share. Took advantage of the recent drop in price. My opinions on this company have not changed.
The price is quite cheap and the business prospects are still quite good. They have a solid competitive position in the apparel industry that will be hard for competitors to match. They own and control most of the production production process for their products and also sell products direct to consumers through their stores. They […]