Ouch. With the stock at its lowest in 7 years, is this enough to push for change at the senior leadership level? No? Not yet…?
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What happens when a company is infected by the w*ke mind virus… terrible leadership and strategic decisions
I already own a couple thousand shares of Nike stock, I always max out the ESPP and hold it, and I take my stock awards as RSUs instead of options. So, I very much am putting my money where my mouth is. A large number of the shares I own are currently under water from where I bought it, so obviously this doesn't thrill me. However, I am holding out for the long term because I believe in what I wrote. Despite the slowdown, Nike is still making money hand over fist, and is way better positioned than our industry competitors who are 1/10th to 1/2 the size.
Fortunately, I have been fiscally conservative and invested well over my career, so I can be patient for the long term with Nike stock. I understand that others have different situations where they need the money sooner, or they may strongly believe that there are better investments out there in other industries (which there are, for sure). However, I just strenuously disagree with the narrative that Nike is "done" or a poor long term investment in our industry compared to places like Adidas solely based on the current stock price. If anything, you're supposed to look for consistently profitable companies that are undervalued which you can buy low now so you can sell high later. I believe Nike fits that definition. And they also consistently pay out a decent dividend as well.
Remember $50 Billion by 2020?
Pepperidge Farms remembers
Turns out we missed $50B by a few years, and after just barely passing it, we're going to go backwards again so we can repeat.
$50B by 2027!
Put your money where your mouth is @af+1jq9m7h68
You all are so focused on NKE stock but failing to see the broader market move. We (US) are heading for a world of hurt probably the next 6 months to a year. Trumps tariffs will broadly hits the market not just the auto industry. This will likely strongly impact the manufacturing sectors and consumer. I would not be surprised if we hit a strong recession this calendar year, not 2008-09 strong buts it’s going to hurt.
We’ll likely have layoffs early next year.
In December of 1990, Nike stock was right around $1 per share and the company annual revenue was just over $2 billion.
With the stock so low then, was it time to jettison our executive leadership team and start over?
Today, Nike annual revenue is $45 to $50 billion, with gross profit north of $22 billion. In the past few years, the the company has made more money than any other time in it's history. Strategic sc--wups have caused the growth to recede, and there are certainly global economic issues that will affect revenue in the near future, which is why the stock price is where it's at currently. However, the fact remains that Nike is a very profitable company in a dominant industry position, which makes the long term prospects of the stock price positive.
Adidas stock is $118 today, and was $114 this same day in 2020. It’s down 37% from its peak.
I think adidas stock has performed fairly well comparatively
Have you checked other brands? Everyone is down to 2020 levels. Nothing to see here folks.
nike has nothing new to offer
i am surprised Nike's stock is not at the level of Intel's
You should be buying $NKE when it hits 2020 Covid low levels…
Wait until Trump drops the tariffs the S&P500 drops 500 points. You want to know what pain is? You voted for it.
Nike will probably be about $55 then, nothing LT or anyone can do about it but come on here and complain.
nah! too soon. Might as well as wait till 53 and also enjoy some summer hours along the way :)