Update: in Singapore, noticed that Under armour is still heavily discounting their products and attempting to clear inventory (hence, full inventory value will not be realized). This might also result in the brand taking longer to turnaround since it is still taking actions that lead to low perceived value/ positioning of their products
Update: Exited the small position in January 2026 with a 50% profit as price reached a level i am uncomfortable with and unable to justify
Update: in Singapore, noticed that Under armour is still heavily discounting their products and attempting to clear inventory (hence, full inventory value will not be realized). This might also result in the brand taking longer to turnaround since it is still taking actions that lead to low perceived value/ positioning of their products
yea i find that many times what really helps in risk management is thinking in inverse (as munger always suggests) hahaha