Going lower and lower ?WTF ???
Cramer is a hit and miss picker, never says boo when he gets nailed. I'd like to know why Nike tried to sell their Umbro soccer brand to addidas very recently. Anyone know?
Nike bought Umbro at the peak of the market, they’ve already taken a writedown, it’s not a profitable business, so why bother keep throwing money at it? They are looking to cut their losses and move on.