Jay Jacobs fail
- Thread starter MomentInTheSun
- Start date
I warned of this when it happened. UA was highly overvalued. It wad a ridiculously stupid move on Jacobs part.
Fvck that guy. First posted by me on the tbb. I recalled that not him!
I don’t really follow these kinds of things. Can someone tell me why Under Armor is failing so hard. Is it just because their shit sucks and is ugly?
Good article. I think you are actually right.
http://money.cnn.com/2017/10/31/investing/under-armour-earnings-stock/index.html
man I tried to read that article and halfway through it started talking about trump...in an under armor article, then I realized it was CNN...rest of the article continues to obsesses about trump and nazis and such. wtf is the media these days, I'm trying to read about stocks man.
I didn’t read the article. We’re they just talking about things that sucked in general? UA stock, Nazis, Trump....I see the trend.
The first sentence in that article calls them a “sneaker company.” Weird. Or at least to me bc I’ve never once really associated them with shoes
I bought a pack of UA socks the other day. I find them to be of high quality. That is all I have to say about this. I think some of their uni's look sweet too.
Their shoes are the worst part.
I mean maybe if they were talking about hillary and UA stock and snake logos I'd get it
Wearing UA boxers, well, I was earlier this evening- not right now.
Ate a lot of fudge for dessert which, along with the six deviled eggs, gave me what I thought was gas.
The UA boxer briefs did a wonderful job-
Not even a single spot on my pants!
Was very impressed.
Blaze On Demeat!
I like UA stuff. It is high quality and lasts a long time. I have never had an issue with any UA apparel that I have purchased. Not a stock-holder tho.
I think the quality is fine, but I just think most all their stuff looks like ass. Totally agree with the article that their shoes look stupid and every year I feel like the AU polos look dumb too.
Would've been a great deal if he had sold it all the next day. Was he not allowed to?
There are a lot of factors that could have made it a bad deal to have sold it the next day. For us and their company.
How do you figure on our end? I’m sure I’m looking at it too simply. He does make it seem in the article that there is a waiting period when he says “look forward to the day when we can cash in”
I would assume there was some clause that we had to hold onto it for so long, possibly even going so far as to stipulate how much we could sell at any one time. Either way you look at it this was a huge gamble by our incompetent AD.
Budgets for one thing. They also agreed to “give” us an extra 1.5 million worth of stuff each year. Just a lot of things involved in a 78 million dollar contract. I’m certain there was a waiting period. Tax implications for them “donating” 10 million to us.
We got lots of cash up front. Without the stock it was still a 68+ million dollar deal. I am not a Jacobs guy but I don’t think it was a bad deal.
Makes sense. I can't really fault him for it. Some stock is better than no stock
It wasn't a bad deal, overall, but he got suckered on this portion of it.
Under armor Auburn gear looks like sheeeeyut! Not only does the gear look like sheeyut, but a large men's size is really a 3T.
Feel like this was a late throw in to end the negotiations and settle on a number they liked more than we did. Like if your buying a new house and the builder throws in a spare lot instead of coming down anymore. Except later you find out the lot was too small to build on so you basically just got a nice buffer with no value.
It definitely won a PR battle for him with the boog fan base. I was lambasted for suggesting it was a poor gamble.
