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The Motley Fool - wrote:
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.
full story linky
might be a good time to buy
miley-signs003:
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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....
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The company itself is cutting its sales growth forecast...bad news!
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....at least this post is getting to the bare facts.....
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I've generally found it to be a promising development when underwear is down.
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.....so underwear isn't even....half off.....only a quarter off....???
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