Research Feed
Prem Watsa's $258M Bet: 22% Stake at 3.4x EV/EBIT
The headline loss ($430.8M, -$1.01/share) is noise. The signal is a disciplined deep-value investor deploying $258M into a $2.7B company at 3.4x EV/EBIT. Under Armour reported Q3 FY2026 results showing a massive headline loss. Strip out the non-recurring charges: - $270M tax expense - Full U.S. fede