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Nike Worth Considering on a Pullback |
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| Jul 01, 2008 03:18 PM UTC |
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Tracked Blogger
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6/26 - "Revenues increased 14%, and net income expanded by 28% to $3.74 per share. Gross margin expanded, and worldwide futures orders were up 11%. I like all these double-digit numbers, and I like the fact that the company paid out more in dividends this year than last, and I can see that Nike is taking advantage of the weak dollar through its international exposure." "Investors would certainly be justified in having a cautious stance with a company like Nike considering the current economic climate. Sneakers obviously might not be worth a lot of discretionary income in a time of high energy costs and slow growth. But with numbers like these, I have to say that Nike knows how to leverage its brand equity to full effect. This was a great yearly report, and if the stock pulled back a little further, I would definitely consider it." 
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 N/A risk: moderate |
Credit Suisse: Nike Should Deliver Over Long-Term
6/26 - "The stock is down about 10% today as investors were spooked by aggressive SG&A spending surrounding the European soccer championship, the Olympics, the Sparq training launch, and investments in retail infrastructure. They were also concerned about the company's US market growth prospects.
Credit Suisse understands the worries and lowered their FY09 EPS estimate, but thinks investors ...
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N/A risk: moderate |
Nike Still a Solid Play; Buy on Pullbacks
6/26 - "NKE remains our top apparel & footwear pick, w/ solid brands and continued outperformance in an environment generally lacking in visibility. W/shares indicating ~5% down after mkt, we think the pullback creates an attractive entry oppty. Reiterate Buy."
"Nike reported $0.98, which was above consensus of $0.96. However, if we back out the sale of Bauer, Nike reported $0.94. Top line g...
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N/A risk: moderate |
Under Armour is the Next Nike
6/27 - "Under Armour, founded in 1995, at first appealed to the serious athlete with its moisture-wicking synthetic fibers that help keep sweat and moisture from the skin and help regulate body temperature during strenuous exercise. Under Armour then discovered it was unwittingly creating a fashion statement. Like Nike, Under Armour is also crossing over to various demographic groups and weeken...
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