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Under Armour (UA +0.1%) falls under the microscope of the professors who contribute scathing...

Under Armour (UA +0.1%) falls under the microscope of the professors who contribute scathing analysis at the Grumpy Old Accountants blog due to its booking of a $3.3M gain on a $63.8M acquisition of tangible and intangible assets that it claims came in under fair market value. Though the gain was socked away into the firm's SG&A expenses back in 2011, it's the kind of accounting scrutiny that has made things uncomfortable in the past for prior targets of the relentless accounting profs.
Comments (3)
  • spald_fr
    , contributor
    Comments (2711) | Send Message
     
    " . . . of the relentless accounting profs."

     

    Hire these guys for the Libor investigation, rabid dogs. lol
    30 Jul 2012, 02:59 PM Reply Like
  • wapiti
    , contributor
    Comments (699) | Send Message
     
    How about some kid analyst look at valuations!! 55xsales..forecasted an extra $2mil in earnings and that led to over $500mil in market cap?? Back to the 1999-2000 days...party like a rock star!!
    30 Jul 2012, 03:06 PM Reply Like
  • Thomas Renna
    , contributor
    Comments (147) | Send Message
     
    I'd like to know their comments on this other seeking alpha article from today

     

    http://seekingalpha.co...
    30 Jul 2012, 03:33 PM Reply Like
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