💬 Just saw on FBC's Chryon UA's stock has plunged nearly 30%

[TerryP]

...almost a 25% drop since Monday's close.

Why is this relevant to a football forum?

In case you missed it, when Auburn signed their deal with UA in 2015 part of that deal was 10 million in UA stock.

'taint good.

 

[planomateo]

Shit, they've been on the down tick for a while. Might be time to pick up some shares

Terrible year, those drops line up with quarterly financials?

 

[TerryP]

Might be time to pick up some shares

That's exactly what I was thinking about, Matt.

 

[78ChrisUA]

UA - Under Armour.
FBC- ?
Chyron- ?

 

[TerryP]

UA - Under Armour.
FBC- ?
Chyron- ?

Fox Business

A Chyron is the scroll/graphics often seen at the bottom of the screen on your TV. Layman's term, "ticker" fits, I guess.

 

[252BAMA]

Those are Class C shares. Class A shares are down over 25% for the day.

Under Armour Inc Class A

NYSE: UAA - Jan 31, 3:22 PM EST
21.39USD7.55 (26.09%)

Google

 

[rick4bama]

Anything with that logo start out with a lost.

 

[BamaFan334]

Under Armor is pissing me off, because I bought them last year, and it is the first stock miss I have had in the last four years. And this was one I wanted to buy way earlier, just didn't have the money to invest. I finally do, and get drilled by their losses. I believe in their company, but the freaking CEO has made some choices that is hurting the common stock shares us normal folks can own.

 

[planomateo]

Read some stuff on them today, not sure I'll buy right now...gonna see if the trend continues to go down.

 

[planomateo]

~$105M in profit on $1.3B of revenue for the quarter. Not very strong numbers, I would have guessed they pulled in more than $1.3B per quarter in revenue.

 

[Crimson&WhiteGecko]

Their capital spending over the last 5 years just isn't giving the good P/E ratios you'd expect. Much of that is their competitors take them more seriously (Nike & Addidas), along with them moving sooo much into other merchandise they may have outkicked their coverage, & the ND partnership hasn't materialized yet to match that new liability. It may not match it at all especially if ND doesn't get it together.

Math always catches up despite hype.

 

[rammerjammer]

I heard.......I think Ryan Fowler asking someone he was interviewing about Bama and their negotiations. I think we are in the process of talking with Nike and whomever. I can't really find any info on it, but I wonder if Bama is shopping around at all with their apparel contracts.

I like Under Armour stuff....they make some nice hunting clothes, but I refuse to own any thing with them.......they sponsor Auburn and by proxy my money would go them............and that ain't happening.

 

[PurlJam]

Man...give somebody a panic attack.
In my mind, UA is, well, us.... Alabama.
It's just the way I'm geared.

 

[78ChrisUA]

The stock was worth over $100 a share when Auburn received it and dropped to $86 when it split in April 2016, but is now worth less than half that. It opened Friday at $20.67 a share and had its credit rating cut to junk status by S&P Global Ratings on Wednesday.
....
"So we look forward to the day that we cash in because even though it's half (of what it was worth), it's more than we had."

Auburn athletic director Jay Jacobs has an optimistic outlook about the stock, which he said the program cannot sell for the life of the deal.

Auburn's Jay Jacobs comments on drop of Under Armour stock price