I have never owned an apparel stock before. Nike is up huge in the last 12 months, and UA is flat. However, it trades at a 78 PE, and even after the huge revenue growth, it will still be at a 48 PE. Way too high and with no margin of safety. There are some good points here, but for now, I’d stay away.
When you look at this branding blitz coupled with key financial metrics that are pointed significantly higher, the future looks bright for this apparel and footwear powerhouse.Here’s why Under Armour stock is a slam dunk regardless of any market volatility or consumer spending trouble:
Read Full Story: Here’s why Under Armour stock is a slam dunk – MarketWatch