Nike stock surged as much as 16% on Friday, capping off the sportswear giant’s best trading day in years, after CEO Elliott Hill reassured investors that the company’s turnaround strategy is finally starting to show results.
https://qz.com/nike-stock-rallies-ceo-turnaround-sports-performance
The Street is just happy because they believe EH when he said NKE found a new batch of Asian children to glue Dunks, to avoid some of the coming tariffs.
Elliott could sell ice cubes to penguins. But in our all hands he said this was the worst quarter in his career.
when I was road shoes salesman before, there was saying among fellow salesman and it was "you are only good as next presentation"
Nike has been fixing internal issues but external issues like relevant styles, acceptance by young people or cool people and campaign that people understand and identify with has not happen yet.
Unless Nike deliver on that front. Everybody should stay reserved and observe
He is right. This is what we have been waiting for
I do think the “bottom is in” bit will this be a bo-m? No, but similar recovery that we had in ‘17, only difference was we had 1 layoff. Here we’re getting 2 in basically a year.
Not fun, and never knowing if you’re on the chopping block or not. I really hope it’s less about mass cutting and really moving us towards the direction we want to be in.
Let's hope that.
Knock on wood
Just don't jump on g-ns yet
That was answer that wall Street wanted but not sure if that is the truth.
When it comes to stretching the truth, Nike is up there.
So far I have not seen any new sign that Nike has filled pipeline with new exciting products like back in the days. And Skim has been pushed back by 6 months.
And that is why I am holding my reservation
Let's hope that EH does not end up in the same path as JD by getting sued by shareholders for lying. Let's give time