Under Armour reported Q4 results that beat the worst fears.
Margins remain under pressure, but the market missed the turnaround story and ultimate value of the brand.
New footwear platform has a promising start while the stock trades at a compelling valuation in comparison to peers.
Most importantly, the chart and P/S ratio suggest the stock heads higher.
Investors missing the opportunity to own Under Armour (UA, UAA) below $15 the last few months completely overthought the story. The company now has a turnaround in place and the opportunity exists to invest in the founder attempting to make the athletic apparel maker great again.