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With Nike, I'd Prefer to Focus on the Core

Timothy Collins

With the market facing some heavier than usual selling pressure to end the week, there have been no bargain buyers for Nike shares on Friday. With the start of NCAA March Madness, I've seen a few references to the infamous Nike Breakaway Shoe (hat tip to Jeff Macke on coining the phrase), but for the most part it seems those concerns have faded quickly. Overall, I viewed Nike's results as good, not great.