Under Armour stock being punished on its Investor Day
by UpperEastSideIrish (2018-12-12 10:03:59)
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One of many articles about the business that have come out this week is linked below.

Not sure we picked the best partner here. This week, the Company finally fired its Senior Vice President of Global Sports Marketing and Senior Director of Sports Marketing. There were rumors of gifts to athletes, and they were signing off on company "entertainment" that involved taking clients to strip clubs and other inappropriate places. Not a good look for us to be associated with this business.

Beyond that, it just seems like the business isn't being run well. From the article:

"Going into the meeting, analysts and investors are somewhat skeptical the retailer will be able to continue to grow sales, especially in the U.S., where the market is highly competitive and has been plagued by wholesale retailers like Sports Authority going bankrupt." The Company itself has projected apparel Revenue in the US will be down this coming year.

So we've got a sleezy company here that hasn't figured out that items like the Yankee Stadium alternatives just won't sell. And remember, we got stock in the Company when we signed our UA deal, so Notre Dame is losing money this morning as well.



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