Thread regarding Nike Inc. layoffs

Bad leadership did this. It's upsetting.

@zdg+1uuPGqAI Consider investing in Adidas or On instead of Nike. They’re making strong moves in key categories that position them for sustainable growth. Unlike Nike, they didn’t get heavily involved in the 'woke agenda' or restructure their management just for the sake of diversity. Instead, they have capable leaders in the right roles, including former Nike veterans.

There is a big chance that stock might popup after they announce CEO changes. Rumor in the media is that it might happen during November Investors Meeting.
But my expectation is that it will be short-lived.
None of the problems are fixed. The new strategy is a “catching up with the competitors” strategy. Nike is not leading anymore, not setting the trends (not in product, not in marketing, not in innovation, way of doing business, retail, digital, you name it).
And according to the article in Bloomberg, the LT is clueless how to fix it. They rely on Bain consultants.
It will take more than a couple of years to fix the problems, given that the new CEO will be from the young consumers centric business.
That’s why I ceased my participation in ESPP. I have better places to invest my savings.

Buying more. Stock will go higher after report on Oct 1st. Leadership changes will be announced

With this in mind what are people’s advice On investing in nike or divesting?
Are you buying stock or pulling back??

Love to hear what everyone thinks.

So don’t apply for a job? 🤣

Agree. And it might be the end of Nike. Slow death. Something like Intel is going through now. Lost the battle to the competitors like NVDA. But it used to be THE company in semiconductors. The diamond of the US manufacturing.
It is so fu**ing sad…