Stock is down 15% from the 80's levels two weeks ago. This has been done before. We went from 77-61 after one earnings, sat around for a month and a half before poping like crazy and setting new all time high's of 82.4. Then went down all the way to 52 when the whole market collapsed two thousand points only to watch UA rebound to 70 from 52(40%!) in two weeks. Basically a long 15 months. Clearly UA is not going to make earning money or becoming rich an easy road to take. This is a little guy stock. A business not complicated for Joe public to understand and he wears. The thing with Joe public is he is never in it for the long haul. He has no atience. He knows what he likes, he knows what is making money, he just doesn't get that Wall Street is going to make it really hard for him.
I'm here to stay. They can play these games with the price all they want. They can hold the stock down and try to screw those on margin only to take it u again. But I have seen them do this reeatedly and I know that in 4 weeks from now if not earlier should start. Earnings is around that time so they robably will coincide together. I predict even now another earnings blowout, revenue increases of 30%+. Spoke to a friend of mine who just got married and is currently living in Israel. He knows I love under armour. He said he noticed someone wearing it over there and knew he had to tell me. It is going global.
Nike's earnings may impact us for whatever reason, but there is no question peole are wearing more under armour. I understand Nike is international, but 40% of their business is America and America ain;t buying Nike. So will be interesting. The game has already started, Under Armour is winning and Nike is losing, will be interesting to see how Nike;s earnings report tells the score./
UA is everywhere, the merchandise is just really good. I wear it myself and Im not an athlete, at least not anymore. In a widely publicized picture a couple of weeks ago from the end of the LSU/Alabama football game, a student tearing down the goalpost was wearing UA underwear, you could see the band because other students were hanging on his legs. Im sure his Mommy bought them for him. UA is the next Nike, and IMO will someday overtake Nike. I agree WS manipulates the stock price, its a high beta stock, but patience will be rewarded. I have been in UA for a while now, and there have been a few 7% up days. We can recapture all the recent losses in 2 trading days when it turns.