[–] Elbower_of_Quants 1 points 6 points (+7|-1) ago 

Sure, why not... Nike sucks and offers nothing of value after Michael Jordan died.

[–] ignacious_riley 0 points 0 points (+0|-0) ago 

Michael Jordan? I thought he was still alive?

[–] jackthebutholeripper 0 points 2 points (+2|-0) ago 

he is alive and well lol

[–] TheTrigger 0 points 2 points (+2|-0) ago 

He is. Maybe he was talking about his career?

[–] common_sense 1 points 1 points (+2|-1) ago  (edited ago)

Petty outrage. Who gives a fuck.

[–] CrustyBeaver52 0 points 1 points (+1|-0) ago 

Nothing encourages a share selloff quite like a 25% drop in revenue. Nothing except perhaps a 50% drop in revenue.

Not at all sure what the business strategy is supposed to be here - unless insiders are deliberately trashing the brand.

NFL has already trashed football. They may never recover.

Nike jumps onto this sinking ship with both feet.

Hard to believe they merely fucked up.

[–] Hand_of_Node 0 points 6 points (+6|-0) ago 

I read an analysis that claimed the company will die if the China trade situation continues in this direction, so they could lose half of their business with this move and still (potentially) come out ahead. If they can't continue having their shoes made by North Korea prison labor subcontracts with Chinese companies, losing half of American business will be nothing in comparison.

Attacking and bringing down Trump while siding with China is their plan. Same with some of those other companies who appear on the surface to be shooting themselves in the feet. China is critical to their economics. Saving globalism is their goal.

This was the gist of the article I'm not doing justice to.

[–] CrustyBeaver52 0 points 1 points (+1|-0) ago 

I could see the Chinese having put them up to it.

[–] worthlesshope 0 points 1 points (+1|-0) ago 

Logically it makes sense that Nike isn't doing too well. Making a political move is a cry for attention. Cries for attention usually mean the company itself isn't doing too well. So perhaps sales aren't as good as they were before.

[–] Pwning4Ever 0 points 1 points (+1|-0) ago 

Dumping stock price does nothing, some other cuck will just buy it at a cheaper price. To win you must hurt the companies profits (sales).

[–] EatDaP00P00 [S] 0 points 2 points (+2|-0) ago 

It's supply side economics. A greater supply equals less demand and a lower valuation of the stock. It only works when a large majority of shareholders sell. Yes the company (or institutions) will eventually buy it back but it hurts them short-term. It's simply a message.

[–] Caesarkid1 0 points 4 points (+4|-0) ago 

With automated electronic trading it does have the potential of creating a cascade.

[–] CapitalPurifier 0 points 0 points (+0|-0) ago  (edited ago)

market price does not affect intrinsic value, except for future equity funded expansion options.

If a stock drops in price by 100% but the dividend and dividend growth grows to 100% of book cost. I couldn't give a shit

[–] hang_em_high 0 points 0 points (+0|-0) ago 

Maybe if the executives making these decisions didn't also own a shit ton of stock. I'm sure their profits will take a hit as well.

[–] sugamari 0 points 0 points (+0|-0) ago 

woods for VP 2020:) GO James! Messege to NIke: Just Dindu It

[–] kestrel9 0 points 0 points (+0|-0) ago 

For those people who don't have Nike Stock but do hold shoes, take a dump in the shoe, it'll be worth more.

[–] Illegal_Alligator 0 points 0 points (+0|-0) ago 

Id stop buying Nike if I ever bought them in the first place problems is, nikes target market is of course happy to be in the news again.

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