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+--- Thread: More Wall St News: Under Armour DOWN 25% (/showthread.php?tid=201130)
More Wall St News: Under Armour DOWN 25% - MrNoBody - 01-31-2017
The Motley Fool - wrote:full story linky
For the fourth quarter ended Dec. 31, Under Armour reported sales growth of just 12% year over year -- breaking its 26-quarter streak of at least 20% sales growth. For the full year, the company reported sales growth of 22% over 2015, and net income up 11%. For 2017, the company now expects sales to rise just 11%-12% over 2016. Multiple firms have downgraded the stock today, with concerns including the departure of CFO Chip Molloy after one year in that role.
might be a good time to buy
miley-signs003:
Re: More Wall St News: Under Armour DOWN 25% - max - 02-01-2017
With PE of 33 and being an apparel manufacturer I would not touch it with a ten foot pole.
The reason it crashed because it was overpriced by 50% in the first place....
Re: More Wall St News: Under Armour DOWN 25% - IronMac - 02-01-2017
The company itself is cutting its sales growth forecast...bad news!
Re: More Wall St News: Under Armour DOWN 25% - NewtonMP2100 - 02-01-2017
....at least this post is getting to the bare facts.....
Re: More Wall St News: Under Armour DOWN 25% - Mr Downtown - 02-01-2017
I've generally found it to be a promising development when underwear is down.
Re: More Wall St News: Under Armour DOWN 25% - NewtonMP2100 - 02-01-2017
.....so underwear isn't even....half off.....only a quarter off....???
Re: More Wall St News: Under Armour DOWN 25% - mikebw - 02-01-2017
NewtonMP2100 wrote:
.....so underwear isn't even....half off.....only a quarter off....???
Sometimes we just have to take what we can get. :turbo: