Consumer Discretionary
One of the most boring stocks in Brian McGough’s universe has suddenly become one of the most interesting! After Glenn Chamandy’s ousting as CEO, several shareholders have stated publicly that they want him reinstated. Brian provides his take on the leadership change and what it means for the bull case. With consumer and corporate macro pressure, GIL’s cost advantage presents an opportunity to accelerate share gains. Brian's EPS forecasts of $3.50 for 2024E and $4.22 for 2025E are significantly ahead of consensus. He thinks the share price can double in two years.
Edition: 176
- 22 December, 2023