Pershing and Elliott via ubs have taken stakes in Nike. Jd is toast. Good riddance,
7 replies (most recent on top)
Hostile takeover would be awesome! Someone needs to step in and get this ship on it's right course.
Ackman, Elliott capital and their ilk are rarely passive. They will watch and wait. If changes don’t start to happen things will get complicated in the boardroom and with Wall Street. . Basically their question will be how have you managed to mess this up so bad? Here’s a plan to fix it. Tell me why your plan is better. These guys didn’t get rich by being d-mb or naive. They will end up on the board or their candidate will.
Nike is worth nothing.
The activists always march when there is nothing but ashes left.
I would like to see a reversion to 2016 strategy (without the Sports Authority collapse) moving away from DTC and back to neighborhood and small local performance doors (territory). We also have more RSC that I don’t think we really need anymore (at least don’t make anymore!)
https://www.reuters.com/business/retail-consumer/ackmans-pershing-square-made-new-investments-nike-brookfield-filing-2024-08-14/
Ackman is also vocally opposed to corporate DEI, so you might anticipate changes in how Nike approaches this space.
I was wondering what caused the jump in stock. Can’t tell if this is an activist investment or not. “Ackman said in 2022 that he’s done with being a loud corporate agitator and would instead employ a ‘quieter approach’ with management.”
Think he just sees a bottom.