Under Armour stock has lost half of its value in the past year, a period when the overall stock market has boomed. The local Under Armour brick-and-mortar store closed recently, in a college town where it should have been easy to make money. Maybe the CEO should resign from all of his outside activities and focus on creating value for his company’s stockholders.
A friend of mine used to be a Director there. He said it’s a weird Kevin Plank cult atmosphere.
Plank hired a bunch of college buddies when he started and they form the inner circle.
If you’re not in the inner circle, good luck to you.
My friend has been in the sports apparel business for several decades and he said UA was the weirdest place he’d ever worked.
Under Armor goods are ridiculously expensive.