Under Armour: Running Higher
Based on strong results from peers and a post-COVID rebound, (UA, UAA) was forecast to report a massive quarter for the period ending June. In no real surprise, the athletic apparel firm smashed estimates and the stock is still surging. My investment thesis remains Bullish on the stock with substantial upside to obtain peer valuation multiples.
Read the full article on Seeking Alpha.
Disclosure: Long UA. Please review the disclaimer page for more details.
Update - Sept. 16
This is exactly why UA needs to focus on performance sports wear.