United, I will admit that my prediction of single digits was too extreme. I really cannot account for the run-up from 18 to 33 prior to the last earnings call. I missed a great opportunity to make allot of money there. I have been wrong in my belief that UA's footwear issues would significantly impact the back half of 2009's earnings...UA managed to make up for the footwear issues with apparel dollars, kudos to them for a very strong H2 2009 in apparel. Congrats to the longs who did benefit from this.

I stick by my contention that comping the running launch will be impossible. I think this will be the first time that UA has really had an issue with topline revs slowing or possibly even retreating. (I think hoops could really help them with revs, but I do not believe they will have any product in the first half of 2010.) In addition to this, I think their expense issues are starting to manifest themselves. The following link highlights what I have been foreshadowing:
http://www.glgroup.com/News/More-Under-A...


PS - I post with only one identity, and will admit when I am wrong. Thanks for the debate.