Thursday, November 17, 2005

Under Armor (UARM) IPO Prices at $13

I just checked with Charles Schwab and Under Armor (NASDAQ: UARM) priced at $13 a share. 12,006,000 shares were sold. We just have to wait and see were this stock opens tomorrow. I predict it will open at $17. I would not be surprised if it hits $20 or even $26 for that matter.


Blogger G. Paul Roth said...

Correct, It hit 26 and will go to 17 will take 1.5 years to get to 30 level, can you say Mr. Plank did you ever hear of a dutch auction. Goldman's a pig.

11/18/2005 9:21 AM  
Blogger kev said...

WOW man you wee right on teh money with UARM, do you have any other potential breakout IPO plays. And where do you think UARM goes from here?

Thanks, Kevin

11/18/2005 2:37 PM  
Blogger Big Ben said...

My other IPO's that I am looking at are Mastercard (NYSE: MA) and when the NYSE goes public. The only way I believe you can get in on the NYSE IPO is to own shares of Archipelago (AX) or own a seat on the NYSE. I should have picked up some AX this week. I wanted it under $50 but never could pull the trigger. I already have plenty of exchange exposure with NDAQ (13.45% of portfolio).

11/18/2005 8:46 PM  
Blogger Big Ben said...

As to where UARM goes from here, I have no idea. I would think it would be prudent to take profits since you are up 100% in one day. UARM earned $0.41 a share in 2004. I believe that they will earn $0.49 a share in 2005 (16% earnings growth in Q4).
2005 P/E = 51
2006 P/E = 41 (Based on $0.61 = 25% Growth)

11/18/2005 8:59 PM  
Blogger jmcnich said...

Do you think that under armour will drop in price? Is it possible for it to go back into the teens? If so what price would you suggest holding out and waiting for it at? Or is now the best time to buy?

Thanks Jerry

11/21/2005 10:37 PM  

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