Delta Apparel: Growth At An Unreasonably Cheap Price
While its stock trades at a fraction of market multiples, DLA is well-positioned to sustain double-digit earnings and FCF growth rates for the next 5 years
Delta Apparel (NYSE American: DLA) is a vertically integrated apparel company that designs, manufactures, sources, and markets activewear and lifestyle apparel products.
Despite trading at a fraction of market multiples, I see over 100% upside in the stock given its competitive advantages in digital garment printing, unique vertical integration, and healthy growth prospects for two key business segments.
Instead of publishing an article like I typically have done, I have laid out my long thesis in a short presentation which I attached to this post. The executive summary is below.
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