Today’s new recommendation comes from AlphaProfit Sector Investors’ Newsletter Editor Sam Subramanian. Try to buy under his recommended Buy Below price. Please note that there will be no Daily Alert on Monday because the market is closed.
“Gildan Activewear, Inc. (GIL, $37) is executing well in the apparel space. The vertically-integrated activewear and underwear maker earned 32 cents a share in its fiscal first quarter on $421 million revenue. EPS and revenue exceeded analysts’ forecasts by 7% and 5%, respectively.
“Seeing continuing benefits from its Gold Toe brand acquisition and lower competition, Gildan has raised its full-year revenue forecast. Gildan shares appeal to investors seeking growth-at-a-reasonable-price. They yield 1.0% and trade at 12.9X forward EPS versus prospects for EPS to grow nearly 38% in the next 12 months. Buy Below: $33.35. Sell Above: $37.85. Stop Loss: $21.60. Risk Rating: Average.”
- Sam Subramanian, AlphaProfit Sector Investors’ Newsletter, February 2013