Boycott NIKE!

I had to listen to a bunch of opinions on this for the last couple hours at a HH get-together. Mind you, none of these folks really know anything about stocks. That said, they were pretty much all for Kaepernick. As usual, I had to take the higher ground.

I summed it up like this.... and it was pretty much accepted:

If NKE ends up selling more gear because of this... it was a good move.
If they sell less due to the political backlash... then they f'd up.
In the end Nike is a business.
If long term sustained revenue growth can be achieved via SJ warrioring.... they're f'n brilliant.
If not... heads should roll. I don't care how 'positive" or how "emotionally uplifting" their commercial is.
Bottom line is SALES.

So for now, the verdict is out. We'll see round 1 results on or about 12/20/18. And those results must also allow for projected growth models prior to this move. Let the consumer, both domestic and international, have the final say.

Trying to trade this now...its dead money. Unless you're expecting a big move in the DOW. There might be some early glimpses prior to NKE's release if the likes of Foot Locker make comments on NKE sales (which I suspect they won't despite analyst's best attempts that are sure to ensue), but other than that.... if you want to short it.... wait for December to play the earnings.
 
gwb-trading said:
He does NOT have the right to do what he does while on the job on his employers premise (which is why he no longer works for the NFL).

You do not have "free speech" in your employers workplace when it offends the majority of customers.

As noted in many news reports - even activity that offends people while not on the job is grounds for immediate employment dismissal.
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Isn’t that the NFL’s decision then?
Why are you so worked up about it. You don’t get a say.
 
vanzandt said:
I had to listen to a bunch of opinions on this for the last couple hours at a HH get-together. Mind you, none of these folks really know anything about stocks. That said, they were pretty much all for Kaepernick. As usual, I had to take the higher ground.

I summed it up like this.... and it was pretty much accepted:

If NKE ends up selling more gear because of this... it was a good move.
If they sell less due to the political backlash... then they f'd up.
In the end Nike is a business.
If long term sustained revenue growth can be achieved via SJ warrioring.... they're f'n brilliant.
If not... heads should roll. I don't care how 'positive" or how "emotionally uplifting" their commercial is.
Bottom line is SALES.

So for now, the verdict is out. We'll see round 1 results on or about 12/20/18. And those results must also allow for projected growth models prior to this move. Let the consumer, both domestic and international, have the final say.

Trying to trade this now...its dead money. Unless you're expecting a big move in the DOW. There might be some early glimpses prior to NKE's release if the likes of Foot Locker make comments on NKE sales (which I suspect they won't despite analyst's best attempts that are sure to ensue), but other than that.... if you want to short it.... wait for December to play the earnings.
More...
Follow the institutions , not some 2 bit flybynight flippers and wannabe Peter Lynch’s, I heard buffet is accumulating.
 
newwurldmn said:
Isn’t that the NFL’s decision then?
Why are you so worked up about it. You don’t get a say.
More...
GWB works for a Government Contractor, he has zero leverage in his zero Job, NFL players have leverage and solidarity, he doesn’t get the real world.
 
Just read on Yahoo Finance. Seems the millennial investors are biting. Show of support only but in the right direction.

"Nike shares are down 2% this week, following the campaign reveal on Monday. Meanwhile on Robinhood, a total of 15,191 investors added Nike to their portfolios this week, up 45% from last week, according to Business Insider's tracking of the data.

"Investors on Robinhood are buying Nike stock 300% more than they are selling, compared to 12% last week," Sahill Poddar, the app's data scientist, told Business Insider on Tuesday. "Investors in Oregon, where Nike is headquartered, are buying the stock 850% more than they are selling."

Nike is the 37th most popular stock on the brokerage, up from 57th last week. "
 
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