Buy Under Armour For Kevin Plank's Vision, Not As A Takeover Target

1/30/17

By Kwan-Chen Ma, SA

UA CEO Kevin Plank, owning the entire 35 million UA-B shares or 6.5% of Under Armor equity, has 65% of the controlling voting interest.

For the last 6 months, UA non-voting shares (UA-C) have been traded at a 20%-30% discount to the UA voting shares (UAA).

The short side is that Under Armour’s north of 38 PE has already reflected exceptional growth. But its shrinking margins and depressed earnings from currency exposure will cause a precipitous.

READ FULL ARTICLE HERE