Investors Turn to Thoughts of Time Travel as Under Armour Gainshttp://www.fool.com/investing/general/2014/01/30/investors-turn-to-thoughts-of-time-travel-as-under.aspx Andrew Marder
January 30, 2014
In Back to the Future II, Biff Tannen, the jock-thug from the first movie, gives a sports almanac to his teenage self, allowing young Biff to bet on sports with 100% accuracy. By 1985, Biff is rich beyond imagination. Let's stop there and ignore all the horrific things that accompany the wealth -- death, deceit, destruction, other "D" words that are also bad. As an investor, don't you wish you had a newspaper from 2050, every now and then?
Today's results from Under Armour (NYSE: UA) would be a perfect chance to make bank. The stock is up more than 20% at midday. Actually, it seems like you might just sell the DeLorean.
Under Armour grows like kudzu
Well, that's not entirely true. Under Armour had a crazy-good year, with quarterly earnings per share rising between 26% and 160% in each of the prior two quarters. For the full year, earnings per share were up 24%. Biff -- if he hadn't already sold the DeLorean -- would be rich.
Recently, the company has had a series of announcements setting it up for a strong 2014 as well. New marketing partnerships, n