Now trading nearly 80% down from ATH… it all but guarantees enough of a reduction in estate tax that TK would retain a majority of voting control.
Could suppressing growth be intentional to lessen estate tax such that majority voting control is retained by swoosh LLC?
@a8 then why are you on it?
And thank you for your very thoughtful and elaborate contribution.
What you are seeing is capitulation. That’s needed for a recovery. Sell it all. They will take all your shares for pennies on the dollar.
The assumption that there will be a gain is incorrect. Only losses.
The reduced buybacks also allow execs to get stock and options at lower prices. Espp is reduced too. Then drive it back up and make big gains. This isn’t a tax play but management incompetence that allows insiders to benefit.
Agreed, and plausibly related, assuming said tinfoil hat is still on.
The reduced buyback over the prior three year has reduced synthetic EPS support.
A NKE buyback now would have massive upside. Not maintaining it at historical averages at a time it would be most advantageous has a few nefarious (yet legal) reasons.
Just google "Nike Stock Buyback plan" for a better tinfoil hat reason
at least JD was successful with one of his strategies
Move to Zero
Going to Zero. Don't invest; short the stock.
Since I been saying short since 30 days ago. I been right.
I swear this site is just one d-mb person posting over and over.