Warren Buffett Of Canada Bets Big On Under Armour: Is UA Stock Really Turning The Corner?
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Prem Watsa, dubbed the "Warren Buffett of Canada," has significantly increased his stake in Under Armour by over 560%, now representing nearly 10% of Fairfax Financial's portfolio. This move suggests he views the company as undervalued and believes in its potential turnaround. Under Armour is focusing on performance apparel and improving its balance sheet, although it still faces competition and market challenges. Watsa's investment indicates a shift in risk-reward dynamics, prompting investors to consider the long-term recovery potential of UA stock.
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