Is It Finally Time to Buy Hanesbrands?
The share price of Hanesbrands (NYSE: HBI) has been on a downslide for five years, falling 75% from its high in 2015 to the current share price of roughly $9.80 per share. A substantial fall in the share price may signal a screaming value for shareholders, however, let's dig into Hanesbrands further before hitting the buy button.
Gerald Evans Jr., CEO of Hanesbrands, recently announced he plans to retire from the company effective Jan. 2, 2021. Evans has been with the company since 1983 but has only been the CEO since 2016. CFO Barry Hytinen left the company at the end of 2019 after serving two years.
Shareholders would be right to be concerned. A leadership changeup can mean significant change for the company, and one wonders why the executives are leaving. If management does not see growth potential in a company or that a company's survivability in the market is depleting, executives may leave the company.
Source Fool.com
