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.
