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North Carolina, USA

Finance – Investment Recommendation Memo

To: Potential Investor
From: Advisory Group 13
Date: June 18, 2010

Summary Assessment

Over the past three quarters, Under Armour stock trends reveal comparable growth to its largest competitors and the DJIA. At first glance, the company appears slightly more volatile with higher risk.  UA, however, is still in its major growth stage and investing in the company may yield a promising reward.  Comparing the various ratios of liquidity, leverage, profitability, market value and ROE to market competitors and industry averages, Under Armour demonstrates poise to compete at the same level as market-leader Nike in the near future.

In addition to purely financial indicators, a recent UA annual report reveals…

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