The Ben Graham Centre’s 2025 International MBA Stock Picking Competition took place on April 7th 2025, in Toronto, Canada. Among th presentations was Group A's in-depth value investing report titled “Any Puffs Left? A Deep Dive into Hanesbrands Inc.” Presented by Massiel Hahn Ceara, Mirtha Perez, and Angel Cortina (more on their bios shortly), this analysis explored whether Hanesbrands still holds untapped value—or if all its "puffs" have been smoked.
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What followed was an assessment of Hanesbrands' strategic positioning, operational health, capital structure, and investment potential. The team concluded with a firm recommendation: No Buy.
But first more details: