Under Armour provided 2023 financial targets at an Investor Day.
The athletic apparel company has long-term plans for 10%+ operating margins.
Based on company projections and peer margins, my 2023 EPS projection approaches $2.
In a much anticipated event whereUnder Armour(UA,UAA) discussed long-term growth targets, the market was apparently disappointed with the updated 2023 projections. Mybullish investment thesishas long held that the athletic apparel company was under-delivering on margins, and their updated business model actually reinforces that thesis despite the initial 10% dip in the stock.
1/2/19 Update Camping World announced a major reorg including the hiring of a new CFO. The sudden resignation of the President of RV Operations looks more and more like a personal decision due to a disagreement with the organizational shifts and his new place in the business. The stock is up about 5% to $12. Considering these reorgs usually occur when business is struggling, the recommendation isn't to jump into the stock on the rip. Continue to use dips to buy Camping World for the long term as 2019 could be another rough year. Original Article The last thing a weak stock needs is an executive departure. Camping World (CWH) is crashing to new lows based on the surprise resignation of the President of RV Operations. One of the reasons to invest in Camping World was the solid management team lead by CEO Marcus Lemonis and other executives like Roger Nuttall with decades of experience in the industry. Naturally, the market is worried by a surprise move on a Friday even
Baidu trades down $25 due to the departure of the COO from daily activities. The company has a long history of growth without the involvement of Qi Lu. The stock continues to trade favorably to domestic peers despite massive margins. Despite being a dominant player in the fast-growing internet space in China, Baidu ( BIDU ) consistently trades at a discount to American peers. The departure of a key executive and an analyst downgrade provide another gift to own this stock on a $25 dip and at levels from back in 2014. Read the full article at Seeking Alpha. Disclosure: Long BIDU. Please review the disclaimer page for more details.