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Gildan Activewear

Buy Gildan Activewear stocks

GILDAN ACTIVEWEAR (GIL) Stocks

ABOUT GILDAN ACTIVEWEAR

Gildan Activewear Inc. is a Canadian manufacturer of branded clothing, and markets basic activewear such as t-shirts, sport shirts and fleeces, to be screen printed with designs and logos by customer companies.

The company sells its products mainly in the wholesale imprinted activewear segment of the North American apparel market and supplies branded and private label athletic, casual and dress socks to retail companies in the United States.

The company headquarters are in Montreal, Quebec, but it also owns and operates manufacturing facilities in Rio Nance, Honduras and the Caribbean. Glenn and Greg Chamandy founded Gildan in 1984. It later expanded to sell 100% cotton t-shirts to wholesalers.

The combination of very low wages and advanced technology has allowed Gildan to lower its price per shirt to below that of Chinese manufacturers. 

OVERVIEW OF GILDAN ACTIVEWEAR

  • Gildan Activewear Inc. has about 53 000 full time employees and manufactures and markets its active wear products under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.

  • It also offers athletic, dress, casual, workwear, liner, and therapeutic socks, as well as sheer panty hose, tights, and leggings under American Apparel brand names.

  • It offers its products through wholesale distributors, screen printers and embellishers, retailers, and online platforms.

  • The company was formerly known as Textiles Gildan Inc. and changed its name to Gildan Activewear Inc. in 1995.

VISION AND VALUES OF GILDAN ACTIVEWEAR

  • Gildan Activewear Inc. has implemented leading corporate, social and environmental responsibility programmes through the years and continuously strives to expand them. These programmes have been developed based on well-recognised standards and industry-leading practices that value caring for people and conserving the environment.

  • As manufacturer, Gildan has always looked to minimise waste, optimise resources and pursue continuous improvements in every aspect of its operations.
    Its investments in sustainable solutions and innovative technologies are not only driving impact reductions, but also long-term financial success.

  • Gildan Activewear Inc. adheres to its value chain to ensure the organisation reaches its goals set to meet the current and future needs of customers and maximises returns, income growth and capital appreciation for shareholders who purchase shares with them.

MARKET PERFORMANCE OF GILDAN ACTIVEWEAR

  • Gildan Activewear Inc.’s shares are traded on the Toronto Stock Exchange (TSX) under the stock symbol GIL listed in the Textile sector. Highlights of the company’s performance in 2019 include sales of US Dollar 740 million in the third quarter. Gross margin was 27.4%.

  • The company incurred US Dollar 4.4 million of restructuring and acquisition-related costs compared to US Dollar 3.1 million in the same period last year. Operating income was US Dollar 117.9 million and adjusted operating income for the three months was US Dollar 1 22.3 million. Net earnings for the three months was US Dollar 104.9 million.

  • Due to Gildan Activewear Inc.’s continued performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.

Buy GILDAN ACTIVEWEAR stocks / shares – A Step by Step Guide how to Buy / Purchase GILDAN ACTIVEWEAR Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy GILDAN ACTIVEWEAR Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN GILDAN ACTIVEWEAR STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE GILDAN ACTIVEWEAR STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of GILDAN ACTIVEWEAR stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy GILDAN ACTIVEWEAR stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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