Under Armour: Innovation Recovery
Under Armour continues to make progress in innovating new products that will return the company to the premium market.
The company remains on path to boost gross margins to 48%.
The stock is in an uptrend with the initial target to overtake the P/S valuation multiple of Nike with a long-term target of Lululemon at over 5x sales estimates.
Some hints at new product innovation should have investors taking another look at Under Armour (UA, UAA). A lot of investors want a money maker now, but the value in the stock is based on the future opportunity in the premium global athletic apparel and footwear sector. The stock is looking solid with strong resistance broken at $24.
Read the full article at Seeking Alpha.
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