(08-04-2020 09:07 AM)shere khan Wrote:  But but but we were told to frick off our dollars didnt matter.

Bwahahaha

I know, right? And it wasnt even a boycott. If it were a boycott, Nike may have seen it coming. But they didnt. Its like the quarterly results slapped them upside the head as a stealth attack.

I'm finding it hard here to generate any tears for Nike.

(08-04-2020 11:19 AM)JMUDunk Wrote:  

(08-04-2020 09:07 AM)shere khan Wrote:  But but but we were told to frick off our dollars didnt matter.

Bwahahaha

“Republicans buy sneakers too.”


Someone had it right a while back. Now we get kaperd!cked.

500 hundred+ people. That’s no small reduction. Hunh

Oh, 500 is not nearly enough...#justgittinstarted

I was holding on to the last pair of old athletic shoes and they were NIKE. They're in the dumpster right now and now I'm NIKE free. Whooopppeee. Eat that NIKE.

Nike struggled because overweight middle class white dudes stopped buying their shoes in protest of Colin Kaepernick?

(08-04-2020 07:39 PM)Marc Mensa Wrote:  Nike struggled because overweight middle class white dudes stopped buying their shoes in protest of Colin Kaepernick?

No, it was because skinny pants wearing pasty assed white kids didn't have the time anymore to go shopping and instead went looting and rioting.

(08-04-2020 07:39 PM)Marc Mensa Wrote:  Nike struggled because overweight middle class white dudes stopped buying their shoes in protest of Colin Kaepernick?

No, because the unreported Truth is that many in-shape, lower, middle and upper-class black dudettes as well as dudes see right through their lies and BS.

How does one manage to go belly up in a $15/hour minimum wage environment when your product iss produced by slave labor?

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(08-05-2020 12:52 AM)GoodOwl Wrote:  

(08-04-2020 07:39 PM)Marc Mensa Wrote:  Nike struggled because overweight middle class white dudes stopped buying their shoes in protest of Colin Kaepernick?

No, because the unreported Truth is that many in-shape, lower, middle and upper-class black dudettes as well as dudes see right through their lies and BS.

Overweight middle class white dudes have kids as well.

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(08-04-2020 07:52 PM)olliebaba Wrote:  

(08-04-2020 07:39 PM)Marc Mensa Wrote:  Nike struggled because overweight middle class white dudes stopped buying their shoes in protest of Colin Kaepernick?

No, it was because skinny pants wearing pasty assed white kids didn't have the time anymore to go shopping and instead went looting and rioting.

Why buy the cow when the milk is free?

It couldn’t be due to a worldwide pandemic which has globally sidelined sports on all levels, but because the woke Republican cancel culture.

(08-05-2020 07:21 AM)Marc Mensa Wrote:  It couldn’t be due to a worldwide pandemic which has globally sidelined sports on all levels, but because the woke Republican cancel culture.

Ha - funny.... you are a real comedian - must be all the smarts you have.....

To think that non-essential apparels businesses are not going to suffer economically due to "the rona" is just dumb. It is a dumb as those who were "surprised" that the economy shrunk at a record rate last quarter... Captain Duh called - he wants you all to come over and hang out (with masks on of course).


The irony of NIKE in particular is that some of these economic woes are tied to the social unrest going on right now and NIKE is making every effort to lead the woke charge. One / many would think that NIKE as a "Pillar of Woke" would benefit greatly from this position.

Woke buy shoes too.... The rich woke buy way above NIKE and those who the woke are woke for are too oppressed to be able to afford their shoes..... The people in the middle - which BTW is the vast majority are so fed up with this stuff that they are not going to support any of it.


The bottom line is that NIKE went all in on an anti-cop messenger..... I guess we will see if it pays off. In the mean time, their labor practices and love of all things China is a double down on the stupid that management there is actively practicing....

NIKE is probably in trouble but they are so big that they cannot see it yet.

(08-05-2020 06:36 AM)Eldonabe Wrote:  

(08-04-2020 07:52 PM)olliebaba Wrote:  

(08-04-2020 07:39 PM)Marc Mensa Wrote:  Nike struggled because overweight middle class white dudes stopped buying their shoes in protest of Colin Kaepernick?

No, it was because skinny pants wearing pasty assed white kids didn't have the time anymore to go shopping and instead went looting and rioting.

Why buy the cow when the milk is free?

(08-05-2020 07:21 AM)Marc Mensa Wrote:  It couldn’t be due to a worldwide pandemic which has globally sidelined sports on all levels, but because the woke Republican cancel culture.

ph shite....#mecovid must've cancelled the internutz and cash flow...

ewe have figured '_ _ it' out...

Nike's stock price hit an all time high today.

(09-15-2020 12:13 PM)fsquid Wrote:  Nike's stock price hit an all time high today.

Wall Street loves layoffs.

(09-15-2020 12:27 PM)bullet Wrote:  

(09-15-2020 12:13 PM)fsquid Wrote:  Nike's stock price hit an all time high today.

Wall Street loves layoffs.

No doubt about it.

(09-15-2020 12:13 PM)fsquid Wrote:  Nike's stock price hit an all time high today.

As did its PE ratio. Now trading at 75 times earnings. That may be acceptable for a company growing 50-60% a year, but that ain’t the swoosh.

It amazes me just how much more speculative investors (and I use that term loosely) are now than they were 20-30 years ago and that’s with three major crashes occurring in that time frame. In the last 15 years Nike has seen its PE increase from around 15 to 25 to what it is now. Almost 70% of the stock appreciation is due to PE ratio, not real growth.

(09-15-2020 01:01 PM)banker Wrote:  

(09-15-2020 12:13 PM)fsquid Wrote:  Nike's stock price hit an all time high today.

As did its PE ratio. Now trading at 75 times earnings. That may be acceptable for a company growing 50-60% a year, but that ain’t the swoosh.

It amazes me just how much more speculative investors (and I use that term loosely) are now than they were 20-30 years ago and that’s with three major crashes occurring in that time frame. In the last 15 years Nike has seen its PE increase from around 15 to 25 to what it is now. Almost 70% of the stock appreciation is due to PE ratio, not real growth.

Speculators thinking that if the pandemic is about over (and it is), that Nike's sales will immediately return. (That was the explanation for the sh*tshow of the last quarter from Nike)

Or, someone’s planning to short the schit outta that ahead of Q3 earnings(?)

Haven’t looked, haven’t researched, just a thought.