A Good Time To Short Overvalued Under Armour (UA)
Nov 13th, 2008 | By Andrew Snyder | Category: Stock Market InvestingEven the strongest retail brands are suffering heavy losses as consumers flock to low-cost stores. Andrew Snyder says this spells doom for Under Armour (NYSE:UA). The company has a strong marketing strategy, but its sales estimates are too optimistic for a retailer of expensive niche clothing. Andrew says the stock is overvalued right now, creating a good chance for a profitable short play.