I thought about posting this issue on the board earlier and figured I'd do it now, on the back of the Jeffries downgrade. Clearly, any hit to earnings based on warm weather isn't a matter of execution on the company's part. If it takes enough of a hit over the next few days I may think about adding. Any thoughts?
Warmer winter but still cold enough for athletes to need warm clothing. Also, many people bought what they needed for the winter before winter. The weather might not help but I don't think a warm winter is that big a factor in the grand scheme of things, in fact, it may have allowed many people to get outside more to run/walk and exercise where they would be stuck indoors more during a harsh winter.
Remember, UA cold weather gear isn't designed for the north pole, it's designed for the 30's and 40's which we get even during a warm winter. This may be a factor but not a big one.
"If we follow your reasoning, this is what we get: Goldman lowered their numbers and they're mostly wrong with regard to UA, therefore lowering numbers is a good thing for UA! Sounds pretty dumb huh?"
Dumb is right if you can't understand that estimating earnings and making recommendations on the stock are two completely separate things. Being good at one doesn't mean you're automatically good at the other.
Phil, finally learning what I've leanrned. Let them talk to themselves and then they leave after awhile. Noice how cashback has disappered, among others. Paid bots or whatev but they are always all negative, never positive. Odd.
"Goldman is the latest to lower numbers. Goldman's recommendations haven't been good on this stock."
WOW! Do you see how little sense you make? lol If we follow your reasoning, this is what we get: Goldman lowered their numbers and they're mostly wrong with regard to UA, therefore lowering numbers is a good thing for UA! Sounds pretty dumb huh?
I'm done responding, your last post proved my point perfectly, that you just don't get it . . .
One thing for sure, the shorts are taking it down like no other quarter. They have conviction in this "warm weather" theory, at least for now. Either way, the losses are baked in, or we will see one hell of a short squeeze. Of course it will be the latter and its gonna be fun. If you are long dont be suckered into selling your shares at these prices, or your just stuffing their pockets. VFC, which is a true "cold weather" play, is down 2.5% since last quarter earnings and UA is down 20%. Please, if the cold weather theory was true, VFC would be down 20% too. UA is a better target for the phony "cold weather" short because it doesnt pay a dividend.