Nike being removed from the S&P 100

[Java]

After 18 years due to an 80% loss in value the last 5 years.

and yet USC still does business with them and funnels money to Oregon.  Incredible

[TEE]

yep. This is a story that deserves more national attention.  A 80% stock loss.  So glad I sold mine years ago and went with Nvidia.  Lol

Phil will be fine.  Worth $80 billion or $20 billion.  Does it matter when you are retired and 90 years old.    The life long employee shareholders though.  Yikes.  So much for that retirement.

company still has really good earnings.  But to lose 80%.  ?  Yeah.  I’m not buying that sucker.  Even with its 4% dividens.   Its future growth doesn’t look good and that’s why investors have left.   But 80%?

[BigBalls]

Pretty catastrophic for investors. I don’t own this stock but maybe I’ll drop some funny money here. Talk about buying the dip, wow. Ladyboy will say it has to do with woke policies but that’s the simple minded explanation. The Direct to Consumer strategy has been a failure. Get back to partnering with big retailers. Lack of innovation, new competitors and severed retail relationships are a killer combination. The brand can be saved but new leadership has to be brought in.

[Java]

Possibly so but the woke thing repelled me and I probably spent $5,000 a year on sporting goods, clothes, shoes and gear that Nike could have had

 

I buy shoes and workout gear for the wife.   Same for me.  And for me.  Gloves, bats, balls.  And the kids are pretty much grown up and out of sports now but we spent at least $1k or more on each of their stuff yearly.

[BigBalls]

Nike made too many strategic mistakes in an industry where you get punished for doing that.

[Java]

I’m sure they found plenty of fat body positive chicks who are trans and gay and all about Black Lives Matter to replace me.  After all I bet the demographics above spend a lot more than I did on that type of gear.

btw. Grocery sticks new nickname is wetback.

since he thinks I’ve contributed nothing to the board but his presence is grand and welcomed.    Just like an illegal who comes here and doesn’t like the towels in the free hotel we provide.   He’s a free loader. A  wetback.  🙂

[BigBalls]

Clearly Nike has lost a lot of consumers and it probably wasn’t just one thing. They had some great brand loyalty at one time but its goodwill is gone. New management can still fix it.

Speaking of losing it and losers. GS hasn’t been a respected contributor since 2005 when he had the unusual take of calling Pete a terrible coach. Later we found out he calls EVERY USC coach a bad coach. Boring.

Pasadena and him are butt buddies, birds of a feather and Ladyboy is a confirmed cretin. Tells you something.

Conversely I’m not offended when they put me and you in the same group. You’re a rich smart dude who has built a business. On their side one guy is un hire able and the other is a failure at his job. I’m sure of that.

 

 

• This reply was modified 1 month ago by BigBalls.

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