Under Armour (UA)(UAA) trades at its 5-year lows and we don’t expect a major rebound to happen anytime soon. Since 2015, the company hasn’t been able to figure out how to create additional shareholder value, as it was constantly reorganizing itself and chasing opportunities that in the end disappointed shareholders. In April, it was announced that Under Armour expects to lose $475 million to $525 million in restructuring-related charges to survive this pandemic. As governments around the globe imposed severe restrictions on movements and closed all non-essential shops to prevent a