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Takeaway: Recent bearish developments won't impact UA's numbers near-term. We still like it long.

Keith added UA to the long side of the Hedgeye Virtual Portfolio as a TRADE. The resignation of UA’s SVP of sourcing and the developments at JJB are not bullish, but they will not impact UA’s numbers near-term, nor do they pose enough of a challenge to offset the company’s ability to capture the long-term opportunity before it. We’ll buy on red. Though this is one of our favorite TAIL ideas, look for us to keep a TRADE a TRADE on this one.

Idea Alert: UA - UA TTT