$Under Armour-A (UAA.US)$ for the first time in 6 years toda...
$Under Armour-A (UAA.US)$ for the first time in 6 years today with the new CEO that took over early in the year they had an investor day with analysts. the new CEO has been going through the company and pretty much gutting all of the losing divisions within under armor and going back to basics. what he said during the analyst meeting is that he was being peppered by the analyst asking for numbers how is this quarter how's the next quarter and he says look I don't have the numbers because we're in the middle of turning the company around he says in many ways we're rebranding or rebuilding we're going back to the basics of who we are our core Business our core customers and we're going to grow our market share globally that way. so the reason for the stock being down is evidently some of the analyst didn't like the fact that they're asking for specifics in the quarter they're asking for projections guidance and the numbers are not there at this point in time because different divisions are being shut down to streamline focus on growing business in the highest margin items regaining customers and turning the company around from the bottom up.
if you want to listen to the meeting you can find it on the company's website there's a transcript or you can go on to mad money with Cramer the CEO is on tonight and I caught only a few minutes of it I'm going to listen to him speak and see what the full interview was on mad money. so that's probably on X or the CEO's profile on X or Facebook something like that. so if you own it or interested in under armor I would strongly encourage you to read the transcript over for the first analyst meeting in over 6 years or watch the live interview on mad money
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TWIMO (151403908) : NIKE has a similar story. Ackman likes NIKE so much that he bought in at low 70’s.