$UA faces a number of challenges including; slowing demand, currency headwinds, and an open CEO role. With that said the business is throwing off significant free cash and has grown at an above market rate historically. Nonetheless Under Armour is working thru a large inventory pile up, so earnings will look ugly for at least another couple quarters. This opens up an opportunity for long term investors to buy a durable brand with solid growth prospects trading at a single digit earnings multiple.