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Swoosh! Nike Nears Correction - Plunges 9.5% From Post-Earnings Highs
"Great" earnings (ex-FX of course) and an "appealing to a broader retail audience" stock split? Recipe for awesomeness, right? Wrong! Nike is now down almost 10% from its post-earnings peak...
NKE running downhill fast...
Just Don't It!
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WHO THE FUCK IS BUYING THESE LOSER-ASS SHIT SHOES? FUCKING DIPSHITS.
That question is racist.....
Buy air jordans or die
Two days ago, the article here was Nike is the hottest growth company in China.
Y F W Me?
No longer air dropping them in with arms to Isis?
bonus time.
did they reduce guidance on sales to ISIS?
Sand monkey prefer Puma (Adiddas). Although when your really truckin' to get away from a Russian bunker buster New Balance and Rebok are getting halal pretty quick.
The Hab-el-Dur Goat Tracker 2000's are the bomb!
More corrections than you can shake a stick at.
Is nothing sacred?
Their prices are too high. Other choices...
American consumers are image-driven morons.
$150 athletic shoes that they won't wear them on grass because they might get stained. $40,000 Super Duty pickup trucks that they won't haul a barbeque grill in because they might scratch the bed. $1,200 shotguns that they won't take duck hunting because they might get wet. $400 food processors to sit on $3,000 granite counter tops next to the $500 knife sets in the kitchens that they don't cook in. $200 paint jobs on mountain bikes.
Take a generic piece of clothing, slap a Nike swoosh, Harley Davidson logo, North Face label or Coach tag on it, and it's worth ten times more.
Take any schmuck off the street and make them a political candidate backed by either the Republican or Democratic party and they've instantly got a loyal following of 48% of the voting population. Americans are fucking consumer sheep.
I'd upvote you 2x if I could, but only Diebold can do that...
I pay $30 to 40 for athletic shoes. Anything less will probably fuck up your feet and back. Anything more is overpriced.
Prefer the phrase "sheeple" ... spot on!
I live about 5 minutes from Nike World Headquarters. They have no less than 6 conastruction cranes out so they can expand. Share price doesn't seem to be affecting them in the least.
I like Zero Hedge. Great place to find out things that other media not reporting. But it does get a bit tedious to see articles such as this one, on Nike. I have no interest in the stock, one way or another, but the headline to the article is just a bit too sensational! Enough already. A stock that is up more than double in past two years, triple in past four years, and now has a 10% correction, warrants a headline that screams of ruination and unspeakable tragedy? Seriously, give me a break.
I was an avid buyer of pair of nike shoes for about 75 bucks on sale. The same shoes that I bought around 2010 for 75 are not cheaper than 150 now. I am waiting for this cloud to burst for nike. Sadly I have been waiting for this for a long time and the end doesn't look no where for this company. Although I like their soccer jersey's I will be shopping for sneakers either at Adidas or other shoes. Thank you for some good shoes. Time to move on.
I used to only-wear airmaxx nikes... then they went from $90 to $160, which i ate for two years... but the shoes began breaking literally with less than 200-miles-run (verified with my still-in-use nike+ gps watch) last year and I switched to Asics Gels, which right now the second pair is about to hit the 2000-mile-mark even with a few crapy weather runs already and have been more comfortable than the high performance Nikes were.
I only buy Jordans as gifts now and even those were ony asked for by 10% of the people I give gifts to every year (used to be 50 to 60%); Nike has killed themselves by overcharging for vastly underperforming shoes. They've lost their core customer base by continually overcharging for inferior products; stupid corporate crapweasels killed their golden goose.