One time litigation/settlement fees last year, forward P/E is comparable to MA's although it is still higher at ~21 versus MA's ~19
exactly why you wouldn't want to do that right now, MA has more room to grow long-term. MA has been a better performer across almost any timeframe, MA is cheaper and growing faster. I own both but see no reason to go from MA to V except for the smaller volatility in V due to larger number of shares.
Sentiment: Strong Buy
UA beat on both revs and EPS, shares up 5%. MasterCard beat and LVS beat, looks to be a very nice day. Listening to some conference calls now. Good luck to all.
Sentiment: Strong Buy
I've trimmed my UA position greatly but the last few days have hurt a little. I don't really know what to make of the firing that was announced today. I thought it could have been a positive if it's only because of the ineffectiveness of the sneaker dept. (which has been a disappointment to me so far). I still can't buy a pair of UA sneakers as they aren't good enough in my opinion. I really hope they do better going forward with footwear.
I think the UA action lately is forecasting an earnings miss and it's reminding me of the relentless selloff in Apple the last few months up to earnings. I also see rotation into other sectors like finance and payment processors. I have moved most of my stock money in stocks that are doing well, (MA,V, EBAY, DIS, DISCA) because for me the most important thing is the chart and I don't like what I'm seeing in UA's chart lately, you called it right a few weeks ago. I'm also building some nice cash reserves up.
Macro, who knows lol. I work in real estate and most prices in NYC are still very depreciated and worse is that there are so many commercial vacancies. The market seems to want to rally and make new highs and I won't fight it, which makes UA's underperformance even worse. My eyes tell me one thing on the ground but most of my portfolio says another. It seems like la la land.
I do remember, you made the call and it blew away any stock that I had last year in the first two months and now it looks like it's going to again lol! I can't believe this one, it's been so volatile but you've been calling it for a while at depressed prices and you've been right. I remember seeing it at something like a 3 billion market cap sometime last year when it was trading around $50 and I though that did seem too little considering their revenues and potential overseas growth but I didn't think they'd be able to compete with Amazon and others with regards to spending. When they made the Disney deal it seemed like they were getting their groove back.
I didn't look at the earnings in depth too much, did they simply beat big or did they issue great guidance going forward? It seems like they might have done both but a 40% pop is ridiculous. The market never makes it easy but if anybody wants to be successful long-term they have to learn how to sort through all the noise and figure out what's really going on. I hope you're enjoying some nice profits today ; )
yeah that's the definitely the problem, you can only own so many stocks. I wish I had unlimited funds, but then I wouldn't even have to invest haha
nice one Indian, I remember you calling both. NFLX has been acting well for you too lately. MA, EBAY and DISCA have been my bright spots lately. I agree with you, I don't expect much from UA this year (expensive) but I'd be more than happy to be proven wrong as i still hold many shares. I'm adding to my CF position soon, I like this one for 2013.
yeah I agree. I was tempted to buy some more, some of the shares that I sold when we first hit $100 or so. I just haven't done it yet. But I do think this is decent pricing for the great UA story. I mean, it is one of the only companies that is able to consistently grow, seemingly through anything! It is really quite impressive.
What else do you have your eye on, Indian? I know we both like SBUX, but anything else you really like in the correction? I've had my eye on SAM, check it out. Small company growing decently and priced accordingly. I could also see it being bought out sometime.
who knows, the market obviously doesn't like Obama, it has shown that much. He doesn't instill a lot of confidence in business, in my opinion. His re-election doesn't have me optimistic about the economy, others no doubt agree. There are other looming events (debt, taxes) that are weighing on investor's minds as well. If investors are not optimistic, then it could be a reason to sell. If there are too many sellers all looking to exit at the same time, you get dramatic price drops. UA is not alone though, almost all apparel/retail stocks have sold off hard today. Sit tight, we've been here before many times.
agreed as well, nothing we haven't seen before. Wait for it to settle and add as desired, the story has not changed, in fact it keeps getting better and that (along with consistent growth) is most important.
yeah, I like UA at these prices, I could add as well soon. Solid report when most others flat out suck. I'm waiting to see if it obeys its averages and for it to trade well again. These levels look good though at least for an initial position for anyone looking to start one.
Sentiment: Strong Buy
Yeah, strange today. CMG is getting abused again. Good call by you. I always liked the company and their food and the stock interested me but it is in absolute free-fall since the first time they missed. I have to stand back and just watch but at some point it could get interesting again.
haha what if . . . Like you said, it is highly unlikely but ALWAYS a possibility. Anything over $10bil would be hard for Nike to digest though, it would be about a quarter of it's market cap. It would be a great day (money-wise) but also a bit of a sad day when UA would no longer be growing on it's own. I would probably take the Nike shares and let them ride. What would you do in the unlikely event Indian? For a guy who dislikes Nike with a passion you could be a shareholder soon ; )
I don't think he'd sell either, why would he? I really enjoyed the interview. He has never wavered from his objective of growing the brand and creating long-term value for the shareholders. He reminds me of Bezos a little, always trying to grow and challenge but admittedly learning in the process. No doubt there will be bumps along the way but you get the sense that he isn't concerned with the short-term, and as a shareholder nether am I. Been long UA for almost three years alongside you Indian (and some others on here), about 300% and counting. I've taken profit and the rest will ride years out . . .
It's cool to hear his take on some different things, CNBC tried to get his opinion on Lance Armstrong/steroids and he gave a respectful non-response, basically it's not our business lol What did they want him to say?
Sentiment: Strong Buy
the guy is a great CEO. Expecting great things from UA years out in the future. Indian, I'm sure you've already seen this . . .
I saw a commercial with Tom Brady in an airport throwing an imaginary football to a kid. The first time I saw it I thought it had to a UA commercial but it was for Deck's UGG Australia brand. It was a pretty decent commercial, have you seen it?