Dec. 31 at 2:33 PM
$NKE Those are the right instincts for being a gumshoe, required when piecing together insider transactions. Let me give you a hint: they're all related. And it has to do with one purpose: to promote and facilitate the turnaround plan being pursued by Nike's current board. The outside director Tim, the former Intel CEO and board member Bob and the current CEO Elliott are all collaborating after the 15% stock drop on Dec. 18th. Also in the background is the heavy selling by another ex-CEO Mark, whose activity the team is trying to play down.
If you want to really divine the Tim-Bob-& Elliott show, you need to examine all transactions, not just the buys, and see whether the lots are large enough to have skin in the game. Only Tim is part of the Billionaire Boys Club. But the other two are multimillionaires, at least in double-digits, if not centimillionaires. Then, decide for yourself it they are truly committed or whether it's for the show. You'll know the answer.
