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@jamesrichard7251 lol. What direction is that?!? The problem is too much inventory. That means people aren't buying. They're not buying because the brand is not cute, not comfortable, and most importantly, not relevant. These days you don't look cool in a pair of Nikes. You look privileged, entitled, and out of touch. And then, there have always been the labour concerns. Sweat shop labor is so 2000.
Once it gets down to the 60s I'll buy it but right now its still expensive. I don't care what the multiple was previously its not the same business at the moment. This is a turnaround play and so there is risk, a 23 multiple is risky on a play that you know will see bottom and top line fall this year as management moves to get rid of inventory and change their product portfolio and spend more on demand creation expense. I like their plan and I like Elliott but not at this price.
I don't get why everyone is saying this company is "woke". It has a shit environmental and labour record. That they tried to mitigate. Somewhat. That makes them woke? Absolutely Ridiculous.
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I bought 50 shares recently and I think it’s a great buy. I like the new CEO and the direction they are going. It’s a long term play.
@jamesrichard7251 lol. What direction is that?!? The problem is too much inventory. That means people aren't buying. They're not buying because the brand is not cute, not comfortable, and most importantly, not relevant. These days you don't look cool in a pair of Nikes. You look privileged, entitled, and out of touch. And then, there have always been the labour concerns. Sweat shop labor is so 2000.
@ the new ceo wants to build relationships with retailers again. You good man?
No intro?
Once it gets down to the 60s I'll buy it but right now its still expensive. I don't care what the multiple was previously its not the same business at the moment. This is a turnaround play and so there is risk, a 23 multiple is risky on a play that you know will see bottom and top line fall this year as management moves to get rid of inventory and change their product portfolio and spend more on demand creation expense.
I like their plan and I like Elliott but not at this price.
@Cleisthenes607 if it goes down to 60s...
Why buy something that clearly had its best days behind it. Many better opportunities. Wouldn't touch this or HERSHEY
Agree on this. Not so much on HSY
Bro, you got a heart on for Nike lately? Let’s cover a better company not this woke one. PS bring the intro back wtf??
I don't get why everyone is saying this company is "woke". It has a shit environmental and labour record. That they tried to mitigate. Somewhat. That makes them woke? Absolutely Ridiculous.
I think DD kinda sold out and is all about the YT revenue. He flipped that into his investments and is off to an early retirement now.