Yeah, idiots. Downthumb the truth. YOU GOT CRAMERED. I was smart enough to sell before earnings, only too soon to get the manic upside swing this had, which I wasn't expecting, but should have, knowing how expirations on beloved names usually run.
Fools, everyone of you. Why do you think it FELL this much? Use your brains. Guidance? They already admitted future sales were compromised, amongst the Mary Sunshine junk in their report.
Art Cashin, whose age and lengthy years in this market has brought him wisdom that some flunky on a messaged board posts like you. He is perhaps the most honest of anyone on financial TV. IMPORTANTLY, Cashin, like many others, have no doubt we are in a BEAR market. So stop spouting off your misguided nonsense when you don't know what you're talking about.
That seems to be the trend with this market. Buy the hype sell the news, even if the news is good. Nike is a solid stock to own, i suspect we'll see some buyers tomorrow if the price dips so i don't see much downside potential. Overall its just a good long term play and a hedge against having a lot of oil exposure. Lower oil is a tax cut of sorts which overall is good for consumer discretionary. This is the kind of stock you put in your portfolio and let it sit and mature and in a couple years you'll be a happy camper. 17% YOY revenue growth leads me to believe we could see this over 120 next year and 150 in early 2016.
And you think Graham's number and Ramsey Theory can be applied to a stock's price movement? Good luck with that. This stock is far more likely to be at $120 in a year (or perhaps sooner) than it will be at $20-30.
You need to review historical price action. Past periods of rising dollar are highly correlated to a rising US market. I wish you luck with the same tired argument thrown at us daily from the talking heads on CNBC. There are bull markets and bear markets. We're in a bull market. Not until the yield curve is inverted will equities stop rising. IMO
Graham's Number for NKE
Square Root of 22.5 * EPS * Book Value = $30
It gets to $20 because the market is as stupid on the downside, as it is on the upside.
THANK YOU so much for the laugh! I just love it when know-nothing fools post bull**** like this.
$20 - right! After a 5:1 split.
You go ahead and buy slappy. Lower oil prices are caused by a rising dollar, and that hurts NKE international sales. At best you have counterbalancing forces caused by central bank shenanigans, and when something finally blows up, Nike will be back at $50 on it's way back to $20-$30 where it rightfully belongs.
Lower oil prices were NOT priced into any consumer stocks. The fact that junk bonds in the energy sector are distressed is confirmation that the global energy stimulus is yet to hit. Nike will be a major benefactor as those freed up dollars are consumed in goods and services.
Sentiment: Strong Buy