G Gildan Activewear ( GIL on the NYSE and Toronto)
Sterne Agee Group has raised its target price to $40
Desjardins Securities has a $43 target.
The Company is a manufacturer of t- shirts and recently has expanded into socks with the purchase of two U.S. based manufacturers. This allows Gildan increased distribution for its products - socks, underwear, tees ,sweatshirts and a major push into private labels. It will now be one of the largest suppliers to Target and Wal-Mart through the recent purchases. Gildan management has shown itself adept at meeting and beating Asian and other low cost competition. The continues expansion meets its stated desire to become a major force in retail distribution of a full range of products. They are the low cost producer and have , in the past moved high price production off shore to maintain their prices and their customers. The integration of the newly acquired manufacturers should produce cost savings for Gildan.
Earnings per share
2006 Actual $1.03
2007 Estimate $1.28
2008 Estimate $1.89
2009 Estimate $2.26
Price Earnings Ratio
2006 Actual 30.7
2008 Estimate 24.7
taken from the article at http://www.amprogram.com Sept 26
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment