A new milestone! last time was oct 18, 2017. Going back to the old Nike that was a growth company.
25 replies (most recent on top)
Believe in something even if it means sacrificing $250 Billion in value.
In the business world it takes 10
Years to see if your strategy was good or not. For Nike, not good…
@b1 The culture changed when we went from one team to segregating ourselves into Networks. Each Network scratching each others backs to the point we had silos in silos. That and adding the DTC announcement in 2017. Also the same year as the boost in the MeToo movement. That was a year for so many shifts. Then in only 3 years, we lost so many people and it took the rest of the culture with them. Today is the result of a 9-10 shift of one bad decision after another. Now, some of these decisions were done with good intentions but separating people into groups when they’re supposed to be on the same team is never a good idea. Laying off 40+ yr olds and wonder why the culture changed so drastically shouldn’t be a shock. Creating non business value roles for political reasons isn’t good no matter what side of the fence you’re on. I understand why Nike and other companies stand up for what they believe in. I do, but when it affects investors like you and me, risks jobs, communities, etc., negatively in other ways, you have to step back and say at one time or another, maybe we should have just focused on the athlete.
I realize the dollar is worth differently today but Nike stock was $51 in July of 2017 annd we had about 74k employees. Employees were happy and thriving. What changed? The people.
I am just happy that my last manager who has been there 20 years. Her stock and options are worth so much less.
@c8 Google what? If Nike were the case study, you would argue that diversity correlates with a decline in value. But no sane person would publish such research without anonymity, would they?
MF should lose $10M. We should have a class action lawsuit from shareholders
F that guy
Even if they picked RSU, a few execs are out millions on awards from prior years. Grant date value of $100+ could be in their portfolio.
Assuming execs have the same grant date and vesting cycle as us plebes, one MF could have lost $1M in unvested value on last years RSU award alone.
On the plus side, they can boost their bonus with more performance hiring.
My prediction next week below $50.
Make me so happy to see that executives are suffering if they picked options instead of RSU.
@c8 but it actually hasn't, looks at the margin declines, now less than half what that used to be and revenue is down, that is why the stock is getting over sold
march 31st is likely going to be more of the same, nike is in a tough spot, those low margins are a bad deal
Diversity makes us stronger. Google it.
$52.37 new low. It’s Beauty in motion.
Bingo.
@b1 because they laid everyone off who was tied to the 'good old days'. over 40 -- gone. white cis male -- gone, they started hiring and promoting for swagger over substance and it was embraced by the leadership team. did you check a box of DEI ...promoted.
Once people started seeing the bs of image and identitiy promoted over substance and service it demoralized people...then to lay off long dedicated employees in about 2017...it simply started the long slide into oblivion...
it was a self own of smoking your own supply
@ak I don’t think people realize just how huge a swing this is in such a short period of time. Your leadership looks very different today from five years ago. Now, imagine filtering these demographic numbers to just those who were promoted during this window of time. The results would be shocking.
@b1 riding off the high of Jordan and the culutural phenomenon. It had less to do with any special sauce and just being in the right place at the right time and riding the wave. It's easy to have a great culture when you are swimming in cash and can throw parties all the time. It's like when people talk about making america great again, ignoring the fact that almost all of that was due to ww2 wrecking the industrial base of everyone but america and us profiting off of it.
I keep hearing about the Nike magic. That this used to be a special place. I’m caught up on the business missteps. I’m interested in what caused it. Why did the culture shift so abruptly? And how?
“What can be, unburdened by what has been.” - Albert Einstein
What dollar value would you attribute to Trump? If Kamala won, what would the stock price be today? Please cite policies and or actions to assign your estimated dollar value.
it will be below 50 after march-31st
We have to stay woke. Like everybody needs to be woke… you can talk about if you’re the wokest or woker, but just stay more woke than less woke
One may find it ironic that’s also when Nike started going overboard with DEI.
tank the stock, use war chest to buy it on the cheap, fire a bunch of useless VPs while it's cheaper to do so, drive stock price back up, "in" executives make bank as their share values explode
It would take TWENTY years of 10% value growth to eclipse the previous inflation adjusted all time high.
People, this is how low it is. And how poorly the street thinks of NKE.
“Believe in something. Even if it means sacrificing everything.”
I wasn’t quite sure what this meant before…
NKE Down ~$250,000,000,000.00 from ATH to today when benchmarked against the S&P in the same period.
On the plus side; downward pressure on shareholder value has a disproportionate impact to executives.
Is it shorts weather yet? 🌞