I just picked up another 1,000 shares this morning @ 32.46 and its trading at 33.73. I was out in the mall yesterday and every store was sold out of Under Armour and almost every retailer on Amazon.com has it back ordered. Cramer also wrote a great little article on Realmoney.com about UARM on Friday.
At 60 times earnings its expensive however its fast growing company thats making money and should blow away its earnings estimates for this current quarter. For that it could trade up in 70 - 75 times earnings and thats when I'll get out.
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Originally Posted by European Lee
I sold out of UARM a week or so back, they have hit their ipo peak imho and really dont have to much more room to grow.
All its going to take to make their stock worthless is for a larger brand such as Adidas, Puma, Nike etc to get on board with a similar fabric concept and they will go under.
Regards,
Lee
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