The year of 2017, has been tough and painful for shareholders of performance athletic apparel, footwear, and accessories maker Under Armour (UAA). Thepast few years have been painful. The owners of its competitor Nike (NKE) have fared much better. Under Armour’s bondholders have felt some pain too.
Investors have punished Under Armour as it has vastly under-performed the S&P 500 and competitor Nike (NKE) in 2017. Year-to-date Under Armour is down over 56% as sales growth has disappointed and guidance was reduced. By comparison, the S&P 500 measured by the SPDR 500 ETF (SPY) is up over 15%, and Nike is up over 8%, see chart.
READ FULL ARTICLE HERE
