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.
posted by Big Ben at Thursday, November 17, 2005
3 Comments:
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.
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).
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)
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