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Under Armour: Bargain Bin

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  •  Under Armour, Inc. has traded down since reporting a solid FQ3'23 earnings report.
  • The athletic apparel company still forecasts producing solid earnings despite a 425 basis point hit to gross margins.
  • Under Armour stock is cheap based on earnings rebounding in FY24 as the promotional environment ends.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 
Some stocks just never seem to get a break, and Under Armour, Inc. (NYSE:UA, NYSE:UAA) falls into this category now. The athletic apparel company handled the inventory issue as best as possible throughout the

Read the full article on Seeking Alpha. 

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

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