The stock of Under Armour is freefalling. Yesterday it fell 10%, and it is down almost 50% since its ATH.
It is reaching the levels it fell to during the pandemic, and also it had massive reputational issues back then.
On 2020Q2 results, its revenue was up 600%. Ever since, it showed great earnings. Earnings were beating expectations so much that they would pump the stock ~10% every time, only to rebound to the average ~$20 per share. The only downside were logistical issues which every single global company is now dealing with (I work closely with logistic firm CEOs who tell me that prices of some shipments are up 9 times, and that's without a guarantee that it'll ship on the day of the order).
And now it is free falling to $13 on no news whatsoever.
Is UAA a good value investment at this point?
Perhaps I am too dumb, but I am simply dumbfounded by the fact that value stocks are taking such a big beating in this bear market. LEVI, UAA to name a few.
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