Dec. 31 at 12:53 AM
Huge bubble, Ripe to burst. Dead cat bounce. Tim buys
$3 million worth
$NKE shares and market cap goes up by whopping
$6000 million. Elliot buys
$1 million shares and market cap additional goes up by
$1500 million. Companies should switch business to most profitable and least work of buying shares from selling goods & services
Small random purchases cannot change it's falling margins, China sales, etc. At yahoo finance this year EPS 1.6 and next year 2.41(should below 2). Which gives PE of 38 & FPE of 25. This should be for growth company. In best case, Nike is turnaround company in few years, with 15 FPE, share price should 36 with 2.41 eps next year. But, it has not shown any improvement in margin or china sales. Both are continuously going down with no sign of recovery. FPE should be 12 with share price 29
