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Under Armour, Inc. Message Board

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  • unitedfood unitedfood May 21, 2009 12:28 PM Flag

    At the annual meeting

    I agree the CEO is no dummy.... he built the company from nothing which counts for something.... he was smart enough to dump shares at $59 much to the chagrin of Cramer who has not said a good word about UA since.....also since that CEO sale the stock ultimately lost almost 80 percent of its value before heading back up.... at $20 per share it is still down more than 60 percent... so yes he was quite smart in knowing when to sell his shares...of course he lost a lot of believers with that sale...

    Has the company been smart with promoting running shoes? No, not in my estimation. Was the company smart putting their basketball eggs in the unproven young dollar? TBD but how insignificant to his team to not even make the playoff roster. But hey he still could become the Kornikova of basketball. TBD as noted for sure but UA would have been smarter to have enlisted Chicago's Rose last year and start getting the bball merchandise revenue this year.

    So the report card is mixed.... sometimes the CEO just comes across as a dumb jock which is reflected in some of UA's marketing campaigns....(also in the stupid names for the running shoes)....other times the company seems to make bold brilliant moves.... long term, UA has bright prospects but the company needs to earn respect and demonstrate maturity.... the way they have handled this economic downtrun thus far is showing some of the necessary ingredients..... time will tell... as for intrigue re this stock, not much really, it is pretty much ignored and rarely if ever mentioned. yawn.

    still good luck fellow longs.... just think this is going to be a boring stock for a while.....

    with today's dip, bought some more shares today and am thinking of maybe just selling some covered calls

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