HanesBrands Inc. - ticker HBI
Here we are almost a month later, still about $21, maybe lower. Still not much here.
HBI Missed on 4 quarter results by 1.89%, Nearing a 3 year low.
Correction isn't helping. Have to dig into the financial status of the company to know the true story. I'd be cautious on this one now.
1/27/18 PE now at 14.0 and PEG is 1.8, still way below Industry comparisons, and way below the Consumer Cyclicals. If Earnings are good on Feb 8th. This one marches higher. A good value play with a decent 2.65% dividend currently.
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:
Relative Strength going negative.
Price falling below simple moving average.
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.