FC OT bad bad news out for the U of MD today...
- Thread starter sluggo72
- Start date
Forget U of MD. I was hoping this was some kind of recruiting news. Some of us PSU fans have Under Armour stock. Not happy. 
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anon_xdc8rmuek44eq
Guest
Any insight as to the cause? Seemed like a healthy brand with potential to give Nike a run for it's money...
they didn't sell enough. Now for why, when Dana weighs in we will all know....http://archive.fortune.com/magazines/fortune/fortune_archive/2006/12/25/8396772/index.htm
The PE of the stock was 80ish and they aren't growing as fast as they were.
The stock was overpriced and is coming back to reality.
The company is extremely healthy however. They earned more money this year than at any point in their history.
The earnings they reported today are also the highest in their history.
LdN
Read an article this morning that they missed on revenue and earnings this quarter and the CFO resigned. Increased competition as Adidas took back the #2 spot behind Nike
if things are so rosey, then why did they say they except a first qtr loss of $12-14 Mil on the CC?
- EXPECTS Q1 2017 OPERATING LOSS OF ABOUT $12 TO $14 MLN- CONF CALL - 9:00 AM (UTC-05:00) Eastern Time (US & Canada) Jan 31, 2017
Interesting. They just built and opened and new fancy shmantzy headquarters in the Harbor East.
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As for UA's stock, I think this Fortune article (CLICK HERE) does a good job of explaining why the stock dropped a good bit in pre-market trading.
Q1 is likely their slowest quarter and they seem to make only a few cents during that period year after year. Having a minor loss is not consequential.
What I know about this company is they are currently earning more than they ever have in their history.
The reason the stock is tanking is the company was growing 50% a year and this year they are only expected to grow 10%.or some smaller number.
Things are rosy, but not at the expectations of share hodlers.
LdN
aren't they or people who work for them some of the U of MD largest benefactors? Especially relative to the Athletic department? I would guess AV Williams has passed on.
I also disagree with why the stock price is down. It is down because the short sellers decided to pounce on the news this AM. Do you really think the long players would be so quick to act?
But then again, it probably isn't wise to argue with the boss.
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Think its the challenge some of these footwear and apparel companies run into...have to be VERY careful about being a "hot" brand...because you can fall out of favor with kids/influencers very quickly...mainstream is not always cool.
Which is still why companies like NIKE...Ralph Lauren etc though they have had their challenges are remarkable in how they have been able to maintain consistent leadership roles.
I remember a company called LA Gear back in the 80"s? Use to attend Sporting Goods Show which at the time was held in Atlanta...
Overnight LA Gear grew incredibly...but also quickly came crashing down...same with companies like Nautica...even Tommy Hilfiger...
S
FWIW My boys are pretty picky about cleats and they've moved away from Nike to adidas DualThreat for Lax and football... light and comfy... particularly a discontinued 2015 model that I was lucky enough to stock up on for their next couple campaigns ... nice not having to buy Lax cleats in the spring... they've always furled their brow at UA-anything (except for their receiver-gloves)....
FWIW My boys are pretty picky about cleats and they've moved away from Nike to adidas DualThreat for Lax and football... light and comfy... particularly a discontinued 2015 model that I was lucky enough to stock up on for their next couple campaigns ... nice not having to buy Lax cleats in the spring... they've always furled their brow at UA-anything (except for their receiver-gloves)....
Ha! I won a pair of LAGear hightops as a consolation prize on an MTV gameshow... so ashamed - wore them only when people weren't looking ... i suspect i looked alot like Jane Fonda when i was weed-whacking ...
the visual image this post has given me ... I just can't shake it from my head.
Now thats funny!! They were always a fashion brand...signed BIG endorsements though...interesting background on the company from early days...A lot of " partying and fun times" rolled around with those guys living and loving the Manhattan Beach, Ca scene...
It warms my heart to see those three stripes. My first running shoes back in the 70's was a pair of green striped Adidas Countries. They accompanied me to Penn State also.
My first pair of "real" running shoes back in the mid-late 70's. Nike Road Runner.It warms my heart to see those three stripes. My first running shoes back in the 70's was a pair of green striped Adidas Countries. They accompanied me to Penn State also.
That's nothing, the real new headquarters is yet to be built in Port Covington. Controversially got the city to drop more 500 mil in bonds for it, too. Sagamore development is where Plank is going to make his real money, he's making whisky under the name as well (you will find the rye in most bars in town now).
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anon_xdc8rmuek44eq
Guest
I too was super loyal to Nike,but I gave Addias-Terrex and La sportiva a go while in Aspen.I have to tell you,for mt running trail shoes Nike is way behind.Plus they don't carry gore-tex
UA baseball stuff is nowhere near the quality, that market they are still weak in. Basketball shoes are still marginal at best, though they are improving and making more waves there. Obviously the apparel division is leading and will be their bread and butter forever but at some point people only need so many dri-fit T-shirts.
I saw the plans for that last summer in the Bmore Sun. Have they started breaking ground yet?
I thought there was an "issue" or something that was holding it up?
He's also trying to get an "uber" like water taxi service that goes from the Inner Harbor to Fells Point and Canton.
I actually thought that was an excellent idea.
http://www.baltimoresun.com/business/bs-bz-kevin-plank-water-taxi-20160816-story.html
When I was 14, the "hipsters" we're switching from Adidas, Converse and/or Puma to Nike. I still feel shamed for jumping on their bandwagon in hopes of getting tail!
I ran through several pairs of SL-72'sMy first pair of "real" running shoes back in the mid-late 70's. Nike Road Runner.
Year Released: 1972
The adidas Super Light 72 was ahead of its time in terms of crafting a light shoe that stayed an staple shoe for runners for the next decade. The successful combination of a mesh upper with a suede overlay that wrapped up to the toe was duplicated for years to come.
For cross country we wore Onitsuka tigers
Lasse Viren won 2 Golds wearing Tigers.
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I've always associated Adidas with European soccer (which is not IMHO a good thing).
I associate UA with UMD, so I avoid it like the plague. I have one pair of winter baselayer tights that are UA, but that's it.
I'm a Nike guy for shoes and athletic apparel and have been since the 70s.
I associate UA with UMD, so I avoid it like the plague. I have one pair of winter baselayer tights that are UA, but that's it.
I'm a Nike guy for shoes and athletic apparel and have been since the 70s.
Okay, confess ... who else had a pair of Nike Cortez in the mid-80s? These were the "coolest" sneakers I ever owned.It warms my heart to see those three stripes. My first running shoes back in the 70's was a pair of green striped Adidas Countries. They accompanied me to Penn State also.
Okay, confess ... who else had a pair of Nike Cortez in the mid-80s? These were the "coolest" sneakers I ever owned.
Nike Cortez ... They WERE the coolest (if you had a vagina)Okay, confess ... who else had a pair of Nike Cortez in the mid-80s? These were the "coolest" sneakers I ever owned.
Nike Cortez ... They WERE the coolest (if you had a vagina)
Or a time traveler.....
I ran through several pairs of SL-72's
Year Released: 1972
The adidas Super Light 72 was ahead of its time in terms of crafting a light shoe that stayed an staple shoe for runners for the next decade. The successful combination of a mesh upper with a suede overlay that wrapped up to the toe was duplicated for years to come.
For cross country we wore Onitsuka tigers
Onitsuka Tiger! My son wrestles in a pair of Blue+White Cael Sanderson V6.0's ... not sure how this sits with the PSU Nike agreement
Sweet lookin bootie:
http://www.asics.com/us/en-us/cael-v6-0/p/0010223176.5001
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Beg your pardon? Easy-E would eff you up (if he were still alive)!Nike Cortez ... They WERE the coolest (if you had a vagina)
PEs that high are like the real estate boom under a Bush. My neighbors were selling homes like mine for $650,000+ and buying bigger ones to make more money. They all got butchered. High PEs over a long period are too big a risk.
UA has a huge following. My wife kids the public school uniform for boys is UA T-shirts and sweatshirts. Just impossible to have 50% growth every quarter forever. But UA has established themselves as the brand for most kids under the age of 18 and those kids will keep buying UA moving forward. They will continue to move forward and chip away at Nike dominance as the younger generation doesn't care about Nike, they care about UA.
