Jun. 7 at 11:29 PM
$NKE $NKE will be the forum filled with bearish short sellers... They have no idea what they're betting on against the decline. They only look at charts... Let me tell you, in the long run, fundamentals trump any chart. Not only is Nike overextended and at its lowest point, but everyone selling doesn't know what they have in their portfolio, and that's fine. I'm only going to ask the CEO, just like I did with Blackberry for years, to eliminate as many shares as possible in this stock! He needs to take all that money and burn speculative shares. If he manages to burn the necessary amount, it's like clearing inventory. The brand will reposition itself, and its holders will simply understand the business. I don't care about dividends at all; what I want is for them to eliminate shares so we get the garbage out of the market. He's already doing the rest very well.
