Under Armour: Temporary Speed Bump

 

  • Under Armour reported another strong quarter with numbers smashing analyst estimates.
  • The athletic apparel retailer guided to high supply chain pressures in the current quarter, but the situation is just a speed bump on long-term profit growth.
  • The stock is ridiculously priced at 1x EV/S targets for 2022.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
Under Armour (UAUAA) remains on track for a strong turnaround, but the market reacted negative last week to some transitional supply chain issues. The athletic apparel maker has successfully transitioned back to a performance brand after years sidetracked on junk apparel sold to off-price channels. My investment thesis remains ultra Bullish on the stock following the irrational dip since the mid-November highs above $27.

Read the full article on Seeking Alpha. 

Disclosure: Long UA. Please review the disclaimer page for more details. 


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