HanesBrands Inc

HanesBrands Inc. - ticker HBI


P/E 13.0 and PEG is 1.6

3 solid quarters of good earnings and a 4th quarter coming up after a banner record of sales in retail as a whole this year during the holidays!  I see this one as putting 1/2 of my position in now, and wait and see after holidays for a better entry point.


6 Billion in sales, 600 Million in profits, 2.97% dividend.  I see this one trading sideways, even with Christmas, the sentiment on this stock didn't go positive like I thought it would.


Credit rating downgraded from BBB to BBB- due to loans and revolving credit.  18% short interest, thats high.  I will wait for positive news on this one.


Short term view:

Ex-Date 11/13/2017

Relative Strength going negative.

Price falling below simple moving average.

Volume decreasing.

Momentum decreasing.


Taking a wait and see on this one, could be pausing or could be flat lining for a bit. Time will tell.  Not a great time to enter, but if I owned it already, I wouldn't be panicking.  It could be just another good buying opportunity down the road.

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