Fairfax is also an investor in BDT Capital which owns 15% of UA. Their founder, Brian Trot, seems to be tight with Plank.
I would love to chat with you about Fairfax. I really like David Thomas’s book on Fairfax but you were asking him investor questions and he’s a journalist. I think it can compound 15-30% over the next 5 years.
Every time I take a fresh look at UA, the product assortment turns me off. It never seems to be "on trend". It's not clear that management even knows the core customer they are going after at this point (competitive sport athletes? streetwear influencers? country club set?). That being said, it has management take-under with the help of PE written all over it.
The Curry seperation angle is fascinating. Rather than UA cutting an aging athelete, what if Curry opted out? I've seen several athletes recently leave major sponsors to build their own brands. If that's the case, it might signal even worse brand appeal issues. Going from centering the investor day around him to splitting within a year is pretty telling either way.
Fairfax is also an investor in BDT Capital which owns 15% of UA. Their founder, Brian Trot, seems to be tight with Plank.
I would love to chat with you about Fairfax. I really like David Thomas’s book on Fairfax but you were asking him investor questions and he’s a journalist. I think it can compound 15-30% over the next 5 years.
Your point about value investors and consumer retail brands took me straight back to my TLDR investment… which, in hindsight, was one of my worst.
fairfax rode blackberry to a deluded end.
the kw take-under, after approving egregious comp and then tanking shares via div cut, is a strategy that would make brookfield blush.
ua cannot survive even with their aspiration for equal price and quality as the big 2.
any special sauce fairfax has , outside of core+india, seems luck. never hold shares outside of watsa's primary stake,
Every time I take a fresh look at UA, the product assortment turns me off. It never seems to be "on trend". It's not clear that management even knows the core customer they are going after at this point (competitive sport athletes? streetwear influencers? country club set?). That being said, it has management take-under with the help of PE written all over it.
The Curry seperation angle is fascinating. Rather than UA cutting an aging athelete, what if Curry opted out? I've seen several athletes recently leave major sponsors to build their own brands. If that's the case, it might signal even worse brand appeal issues. Going from centering the investor day around him to splitting within a year is pretty telling either way.