UnderArmour, the red-hot sports apparel manufacturer got hit today because they missed Wall Street profitability estimates. I looked at the report though and I liked what I saw, despite the miss. Revenues were solidly higher and growth seems to be accelerating. There might be some downward pressure on margins because of the new businesses and apparel lines that they are entering. But this should be temporary and I think the strength of the brand will propel the company solidly higher.
I stepped in here on weakness and will continue to do so.
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