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Under Armour: Another Gift

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  • Under Armour reported solid FQ4'23 numbers despite ongoing margin pressures.
  • The athletic apparel company faces a tough start to FY24 due to elevated inventory levels leading to a continuation of the promotional activity.
  • The stock is crazy cheap at 0.5x FY24 sales targets while the company produces better metrics than peers trading at a far higher multiple.
The current stock market is very bipolar where stocks trade more based on history than actual comparative results. Under Armour (NYSE:UA, NYSE:UAA) is a prime example of a stock struggling to impress the market


Read the full article on Seeking Alpha. 

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

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