Factors Underlying Our $74 Valuation Of Under Armour (Part 1)
- Monday, March 3, 2014, 8:44
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The global sports apparel market is expected to grow at a rate of 4% to reach $178 billion by 2019. It is easy to see that we expect Under Armour’s apparel division to outpace the industry wide growth significantly for this period. However, even such an optimistic projection does not justify the market price in our opinion.
http://www.forbes.com/sites/greatspeculations/2014/03/03/factors-underlying-our-74-valuation-of-under-armour-part-1/
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