Top PickSecond stock in the clip; he also owns it personally. GLTA
https://www.bnnbloomberg.ca/video/brian-madden-top-picks~2294949
Canada Goose (GOOS TSX)
Last bought $46.55 in September 2021
Canada Goose sells luxury branded outer apparel and is best known for its iconic down-filled winter parkas. The company has traded publicly since 2017 but has operated for sixty years and is closely held with its CEO and a private equity firm owning 47 per cent of the shares.
The company has grown sales at a 22 per cent compound rate over the last 5 years as they expand geographically in Asia, Europe and the United States and as they expand their direct-to-consumer and e-commerce channels.
Recent product line extensions into footwear and lighter apparel should bolster sales and profits while reducing winter seasonality. A 19 per cent recent pullback in the shares affords an attractive entry point with the stock trading at 31x earnings vs. its longer term average of 49x.
The company itself is opportunistically and aggressively buying back its own shares and has retired over 2.5 per cent of outstanding shares over the last 6 weeks.
TOP PICK
Canada Goose Holdings(GOOS-T)
04/10/2021
It's a sales growth story as they expand in the US, Europe and especially China. Sales are growing at 22% compound over the last 5 years. E-commerce maintained their sales when their stores were closed during the pandemic. Their footwear line expanson should bolster sales and reduce winter seasonality. The market misunderstood their last quarterly results and sold shares too much. Trades at a good 31x earnings vs. 40x of the industry. They've been buying back shares in the past 6 weeks. (Analysts’ price target is $56.38)
CLOTHING
Brian Madden
$45.850
Owned