Jun. 15 at 5:11 PM
$NKE I bought
$BB shares at
$2.60 and today they're worth
$9.50. A few months ago, when they were at
$3.20, I told you they'd reach
$9.15. Nobody believed me, except for a few who were following them intrinsically (not based on charts). Intrinsically, Nike has to be worth no less than
$130. Oil prices are falling, costs are going down, we have the lowest outstanding shares in history, we have tariffs being refunded, and a lot of money from the World Cup. I hope the CEO listens to me, like TF surely did at
$BB. Buy back as much as you can; these prices are historic and will burn through less capital. Anyone who owns Nike shares should be willing to pay their true value; we're not just any brand. Short-term target price:
$98-
$130, sell 20%, medium-term:
$130-
$178, long-term:
$178-
$230.
