After coming under fire last week for its Mach 39 speedskating suit potentially affecting the performance of U.S. speedskaters, Under Armour (UAA 4.79%) seems to have cleared its good name today, with the stock up 5% on the news. The suits were developed in participation with Lockheed Martin, and with new evidence coming to light that it may have been the training regimen that affected performance rather than the suits themselves, the U.S. Speedskating Association has renewed its contract with Under Armour. This was the news that the market responded to. In the lead story from Friday's Investor Beat, host Chris Hill and Motley Fool analyst Jason Moser look into Under Armour's speedskating suit incident, and examine the issue from both sides.
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Under Armour clears its good name with the U.S. Speedskating Association.
Chris Hill owns shares of Amazon.com. Jason Moser owns shares of Amazon.com and Under Armour. The Motley Fool recommends Amazon.com and Under Armour. The Motley Fool owns shares of Amazon.com and Under Armour. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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