Topic: How To Invest

Pat: Any recommendation on Gildan Activewear would be appreciated. Thanks.

Article Excerpt

Gildan Activewear Inc., $41.15, symbol GIL on Toronto (Shares outstanding: 121.7 million; Market cap: $5.0 billion; www.gildan.com), makes and sells T-shirts, fleece sweatshirts and sweatpants, sport shirts, underwear and socks in a variety of weights, sizes, colours and styles. Its customers are in Canada, the U.S., Europe and other countries. Company-owned brands include Gildan, Gold Toe and Anvil. It also makes licensed products under the Under Armour and New Balance labels. Gildan makes most of its products from 100% cotton, blended cotton and polyester. It doesn’t add designs to its clothes; instead, it sells them to wholesale distributors as blanks. The distributors then sell Gildan’s clothing to screen printers and embroiderers who add their own images. The company competes with Fruit of the Loom, Hanesbrands and Delta Apparel. In its fiscal 2013 second quarter, which ended March 31, 2013, Gildan’s revenue rose 8.4%, to $523.0 million from $482.6 million a year earlier. (All figures except share price and market cap in…