Where is NIke's destination eventurally, that is the question that has been floating around a lot in this platform.
As long as EH and upper management maintains this death march to the Death Valley, it will be in the teens.
Quite frankly, I was extremely disappointed that EH was not able to come out with new, clear direction after 18 months in the throne. Yeah, JD left sh-t load cr-p around but with EH's pay scale that is task that is included.
We still have a gap to fill in the stock price between 44-52. Wouldn’t be surprised if we received a short term pop.
However, personally, that doesn’t change the direction of the stock long term. Until something changes: product we make becomes hot, people fall in love with Nike again, or a big sports moment happens that drives sales to Nike… there isn’t much momentum. I feel personally we keep waiting for something to give us momentum instead of creating momentum. Speaking momentum doesn’t create it, action does.
Nike is all about no direction; the should not be a surprise.
Leaders say, stupid stuff like there is no finish line. there is a finish-ed line when the stock gets delisted form the DOW.
Where is that finish line... LOL .. id--ts!