Under Armour
The latest failure at Under Armour (NYSE:UA) backs my previous research that the market was generally too bullish on the stock. At the time, Morgan Stanley was the only analyst bearish on the stock when Under Armour traded above $41.
The biggest issue with the stock is the stretched valuation and the constant pressure on margins despite the extraordinary growth. The latest news highlights the confluence of issues facing Under Armour going forward.
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