HotsauceShoTYME

UAA Might be at the bottom and has a huge amount of upside

Long
BATS:UAA   Under Armour, Inc.

There are several factors I like about UAA to personally long here in addition to the points on the chart.

1) This is one of the long hold stocks I purchased for my God Daughters in a custodial account. I basically asked them what stuff do them and their friends like to wear. This was back in 2021. This is one of those stocks. The others? Apple and Abercrombie & Fitch ( ANF ). Go look at the charts of those companies. For context, "them and their friends" will be middle class and above in private schools.

2) Potential Meme Stonk. I consider any stock associated with Retail goods in 2020 to be a Meme Stonk. Especially if it was in or relied on a huge mall/Store presence. Go look at the fuckary in 2021 for EXPR, Macy's, BBBY, Nordstrom(JWN), GME, AMC etc.

3) Improving Financials, improving company. UAA has made some investments in the short term to improve its long term revenue generation. Having said that, There is some risk. UAA does have a less than stellar debt to income ratio that is being paid down. This is similar to ANF. As long as middle class teens are buying it and support holds, you can manage the risk and have clear exit conditions.

This is a fundamentals, chart and Meme Stonk play.

#UAA #UnderArmour
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.