PBG - Pacific Brands

[skc]

Can someone explain why these guys are not falling like the rest of the retail stocks/

They can't be doing that well with those expensive underwear, expensive ad campaigns, price deflation at target/Kmart and rising raw materials cost.

I know they are doing a biggish buy back but you think management should probably conserve cash now as oppose to blow it...

 

[oldblue]

Not exactly a retailer, of course.

Perhaps they are still selling their stuff - supplying more to the on-line retailers and less to the bricks and mortar types.

 

[skc]

Not exactly a retailer, of course.

Perhaps they are still selling their stuff - supplying more to the on-line retailers and less to the bricks and mortar types.

Technically not a retailer but they've got to be as correlated to retail as any of the recent downgraders.

I haven't seen what their channel mix but can't imagine online being a big one.

 

[oldblue]

Technically not a retailer but they've got to be as correlated to retail as any of the recent downgraders.

I haven't seen what their channel mix but can't imagine online being a big one.

That doesn't really matter if they're still supplying the on-line retailers. Only becomes a problem if consumers switch to buying foreign brands in preference to Bonds etc. What/any evidence of this ?

Disc: Not holding.

 

[skc]

Can someone explain why these guys are not falling like the rest of the retail stocks/

They can't be doing that well with those expensive underwear, expensive ad campaigns, price deflation at target/Kmart and rising raw materials cost.

I know they are doing a biggish buy back but you think management should probably conserve cash now as oppose to blow it...

Well... a takeover approach can do that.

http://www.smh.com.au/business/pacbrands-confirms-takeover-talks-with-kkr-20120110-1psb7.html

For the record PBG was floated in 2004 by private equity firm CVC for ~$1.5B. Now KKR wants to take it private again for $600m.

However, it's hard to imgaine that the PBG brand as an investment is not somewhat tarnished so what's KKR's exit strategy?

 

[brettc4]

PBG - Pacific Brands Gorup

After an awful 2 years, PBG has come off its recent low of $0.44, broke above a downtrend line and continued to move upwards. We have unfortunately been moved sideways for a couple of months and have now dropped below the uptrend.
While we have broken below the uptrend, it has been on relatively poor volume. As such I expect the price to raise and test the trendline from the opposite side, volume will be important.

While a recent close below $0.56 didn't result in a sell off, I am concerned about another close below the $0.56 mark.

 

[VSntchr]

A decent day for PBG. Up a casual 51% on a profit upgrade!
The gain seems a bit better than it really is, as the price is only back to where it traded in April. It certainly looked like a victim of tax loss selling and speculation of a downgrade.

 

[System]

On July 19th, 2016, Pacific Brands Limited (PBG) was removed from the ASX's official list in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement pursuant to which Hanesbrands Inc., acquired all of the issued shares in the Company.