Umbro is a no no unless it´s sold by Iconix... and Iconix have a lot of trouble
"In addition to the CEO's resignation, the company also lost its CFO and COO at the beginning of this year. This is all happened in the middle of an ongoing SEC investigation, which is reviewing company records regarding accounting methods and reporting. The complaint alleges Iconix underreported the cost basis of its brands and engaged in irregular accounting practices related to its international joint ventures. Results from the investigation are still pending.
To make things even more tense at Iconix the not unknown Sports Direct took advantage of the free falling stock and suddenly became the biggest shareholder..