When Prem Watsa makes a move, markets tend to pay attention — not because it's flashy, but because it's usually patient, deliberate and deeply conviction-driven. • Track UA stock here.That's why his latest bet on Under Armour Inc (NYSE:UA) is raising eyebrows across Wall Street. Through Fairfax Financial Holdings, Watsa — often dubbed the "Warren Buffett of Canada" — boosted his Under Armour stake by more than 560%, turning it into nearly 10% of Fairfax's portfolio. That's not portfolio tinkering. It's a st ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Viewpoint - Shares of Under Armour Inc. experienced an increase in after-hours trading following Fairfax Financial Holdings' continued investment in the company, which has faced stock struggles over the past year [1] Company Summary - Under Armour Inc. has seen its stock performance decline over the past year, indicating challenges in the market [1] - Fairfax Financial Holdings is actively building a significant stake in Under Armour, suggesting confidence in the company's future prospects [1]

今年圣诞假期，我给妈妈买了一件 1980 年普莱西德湖冬奥会主题的藏青色毛衣。这件衣服对她意义非 凡 —— 彼时她还是纽约州北部的一名大学生，曾亲临现场观看那场著名的 "冰上奇迹" 冰球赛，见证美 国队击败苏联队。时隔近半个世纪，妈妈终于有了一件能纪念那场赛事的周边商品。 有意思的是，这件毛衣并非复古款，而是我从阿伯克龙比 & 费奇购入的全新单品。这个曾在 20 世纪 90 年代末风靡一时、堪称预科生青少年 "顶流潮牌" 的零售商，如今竟开始为婴儿潮一代售卖高品质奥 运周边。这一现象恰恰印证了当下运动服饰市场的广阔前景。阿伯克龙比不仅已与美国国家橄榄球联盟 达成合作，还正积极布局生活方式类运动服饰赛道；而另一边，耐克、露露乐蒙、安德玛这些以专业运 动装备见长的老牌巨头，却正各自深陷不同阶段的发展危机。 核心要点 种种迹象表明，2026 年或将成为整个运动服饰行业的关键转折点。以下是我对新一年跑步装备、足球 球衣及生活方式类运动周边市场的预测。 巨头困局 我们先从头部品牌的动荡说起。按销售额计算，耐克是全球运动服饰领域的绝对领导者。该公司首席执 行官埃利奥特・希尔在 12 月的财报电话会议上表示，耐克目前正处于 ...

Core Viewpoint - Under Armour Inc. (NYSE:UA) has experienced a significant increase in share prices, rising by 14.44% week-on-week, reaching a new four-month high, driven by increased investment from Fairfax Holdings [1][2]. Group 1: Share Price Movement - Under Armour's share price surged by 14.44% week-on-week, marking a new four-month high [1]. - The rally in share prices was influenced by Fairfax Holdings, which increased its stake in Under Armour [2]. Group 2: Investment Activities - Fairfax Holdings, a Canada-based financial services firm, raised its stake in Under Armour through a series of acquisitions, becoming a 10% owner [2]. - On December 30, Fairfax acquired $67 million worth of additional shares, including over 11.5 million Class A shares and 1.67 million Class C shares, at average prices of $5.1408 and $4.9474, respectively [3]. - Prior to this, from December 22 to 29, Fairfax purchased an additional 15.68 million Class A and C common shares at average prices of $4.6133 and $4.4055 [4]. Group 3: Company Performance - Under Armour reported a net loss of $18.8 million for the second quarter of fiscal year 2026, a decline from a net income of $170.38 million in the same period the previous year [5]. - Revenues decreased by 5% year-on-year, falling to $1.33 billion from $1.40 billion, primarily due to lower revenues from North America, wholesale, and apparel segments [5].

Company Overview - Under Armour reported a revenue of $5.05 billion for the trailing twelve months (TTM) and a net income loss of $87.65 million [4] - The company has 6,800 employees and experienced a 30.40% decline in share price over the past year, calculated using January 2, 2026, as the reference date [4] Insider Transaction - V. Prem Watsa, a 10% owner, purchased 13,182,469 shares of Under Armour for approximately $67.4 million on January 2, 2026 [1][2] - The transaction resulted in zero direct ownership for Watsa, consolidating his holdings under Fairfax Financial Holdings Limited subsidiaries, with post-transaction indirect holdings of 51,416,278 shares [6] - The shares were acquired through open-market purchases, with no options or derivative securities involved [6] Market Context - Under Armour's market capitalization has significantly decreased from over $24 billion at its market debut in early 2018 to approximately $2.15 billion recently [9] - The company's revenue contracted slightly to $2.5 billion during the six months ended September 30, 2025, with a gross margin decline of 1% year over year to 47.7% [11] - Watsa's purchase included 11.5 million Class A shares, which have voting rights, and 1.7 million Class C shares, which do not, indicating a potential activist investor approach [10] Business Model - Under Armour operates a hybrid business model that combines wholesale distribution to retailers and direct-to-consumer sales through branded stores and e-commerce platforms [7] - The company targets athletes, sports enthusiasts, and active consumers globally, with a presence in North America, EMEA, Asia-Pacific, and Latin America [8]

Market Overview - Major U.S. indexes closed lower, with the Dow Jones Industrial Average down 0.2% to 48,367.06, S&P 500 down 0.1% to 6,896.24, and Nasdaq down 0.2% to 23,419.08 [1] Nio Inc. (NYSE:NIO) - Nio's stock increased by 3.00% to close at $5.50, with an intraday high of $5.79 and a low of $5.50; the 52-week range is $3.02 to $8.02 [2] - The rise is attributed to confirmation from China's National Development and Reform Commission that vehicle trade-in subsidies will continue through 2026, indicating ongoing government support for auto replacement demand [2] Profusa Inc. (NASDAQ:PFSA) - Profusa's shares surged 78.33% to $0.12, with an intraday high of $0.17 and a low of $0.11; the 52-week range is $0.065 to $2.40 [3] - In after-hours trading, the stock fell 14.12% to $0.10 [3] - The company announced a restructuring of its senior secured convertible notes, raising the conversion floor price from $0.10 to $0.35 to reduce potential shareholder dilution and strengthen its balance sheet [4] - Mandatory cash and equity amortization payments scheduled to begin in early 2026 were eliminated, easing near-term cash flow pressure [4] - Management framed the changes as a de-risking move to limit equity issuance at distressed prices while improving financial flexibility; however, Profusa remains a high-risk micro-cap company facing Nasdaq non-compliance and ongoing operational challenges [5] Nike Inc. (NYSE:NKE) - Nike's stock slightly dipped by 0.03% to $61.19, with a high of $61.30 and a low of $60.64; the 52-week range is $52.28 to $82.44 [6] - The stock rose 1.5% to $62.13 in extended trading following Apple Inc.'s CEO Tim Cook's purchase of $3 million worth of Nike shares, increasing his total stake to 105,480 shares valued at $6.04 million [6] FTAI Aviation Ltd (NASDAQ:FTAI) - FTAI Aviation's stock jumped 14.30% to $197.54, with an intraday high of $199.88 and a low of $176.68; the 52-week high is $199.88 and the low is $75.10 [7] - The rise follows the announcement of FTAI Power, a new business converting aircraft engines into power turbines for AI-driven power shortages, expected to begin production in 2026 [7] Under Armour Inc. (NYSE:UAA) - Under Armour's stock rose 7.64% to $5.14, with a high of $5.20 and a low of $4.91; the 52-week range is $4.13 to $8.72 [8] - The company's Class C stock spiked 8.59% to $4.93 [8] - The increase followed a large insider purchase by Fairfax Financial Holdings, which acquired 15.68 million shares, significantly boosting its stake in both Class A and Class C shares [9] - Under Armour reported second-quarter adjusted EPS of 4 cents, beating expectations, with a gross margin of 47.3%, down year over year but ahead of consensus [9] - The company guided fiscal 2026 revenue down 4% to 5% and adjusted EPS to 3 to 5 cents, citing soft demand and tariff pressures; it expanded its fiscal 2025 restructuring plan, adding $95 million in charges related to separating the Curry Brand, while lifting its fiscal 2026 adjusted operating income outlook to $95–$110 million [10] - Fairfax's increased stake signals confidence in Under Armour's restructuring and turnaround strategy for long-term gains [11]

加拿大亿万富翁普雷姆·瓦萨增持股份，安德玛股价上涨，现涨超7%。 来源：滚动播报 ...

Investment Rating - The industry rating is "Buy" [5] Core Insights - In Q3 2025, the overall revenue growth of overseas sports footwear and apparel companies slightly declined compared to Q2 2025, with a mixed performance in gross margins and an increase in most companies' SG&A expenses [5][12] - Brands focusing on niche segments like running and outdoor activities, such as ANTA, ASICS, and Deckers Outdoor, maintained high revenue growth rates, with ANTA growing by 34.5%, ASICS by 20.4%, and Deckers by 8.3% [12][13] - Most overseas sports footwear and apparel companies continued to show positive revenue growth, with notable performances from Skechers [12] - Revenue growth rates varied by region, with North America, Europe, and Greater China showing different trends; Europe had the best performance in Q3 2025 [5][20] - The apparel category showed stronger resilience in sales compared to footwear in Q3 2025 [5][25] Summary by Sections Section 1: Revenue Growth and Margin Performance - In Q3 2025, the revenue growth of overseas sports footwear companies decreased slightly compared to Q2 2025, with most companies experiencing an increase in SG&A expenses [5][12] - The revenue growth rates for major brands in Q3 2025 included Adidas at 8%, Lululemon at 7.1%, and ASICS at 20.4% [13][18] Section 2: Inventory Levels - Most overseas sports footwear companies saw an increase in inventory turnover ratios in Q3 2025, but overall inventory levels remained manageable [5][12] Section 3: Revenue Guidance for Fiscal Year 2025 - Compared to 2024, many companies have lowered their revenue growth guidance for the current fiscal year, although brands like Adidas, ANTA, and Lululemon have raised their full-year guidance for 2025 [5][18] Section 4: Investment Recommendations - Despite the slight decline in revenue growth and rising inventory turnover ratios, the long-term outlook for the sports footwear industry remains positive, driven by upcoming major sporting events and a recovery in order placements [5][18]

Under Armour founder and CEO Kevin Plank, along with Goldman Sachs, is stepping away from further development of Baltimore Peninsula, formerly known as Port Covington, a 235-acre mixed-use waterfront redevelopment project in South Baltimore. Originally pitched as a 14-million-square-foot mini-city anchored by a new UA headquarters, a new report says less than 10% of the planned project has been built.Representatives for Plank's real estate development company, Sagamore Ventures, and its equity partner, Gold ...