“Every time there’s a pullback, or a new opportunity, the answer is to back a great leader and trust them to make the right call.“
Nike (NKE) will be hurt, without a doubt, by China responding to Trump's tarifs with tarifs on imported goods from the US. The new show models do get rave reviews, I believe the company will become the world's #1 among sports apparelel companies and may (of course, I can't say for certain) see its ATH, around 180 US$, in late 2028. I write so because the longest stretch from ATH to ATH was 7 years (Nike went public in 1980). I'd still be a buyer, though I don't see a short-term rally.
NKE doesn’t look like a buy. Me think it could hit 40$ (1/3 loss) ? https://fullratio.com/stocks/nyse-nke/pe-ratio Looks like its PE is cheap historical wise. Not interested in NKE but thanks for sharing.
@Sekiyo , thanks for this opinion on Nike (NKE). I now think the shares hitting 180 US$ in december 2028 is a challenge ... very nasty sell-off, the Trump tariffs are of course a big challenge for apparel companies needing cheap manufacturing hubs in Asia. But maybe CEOs will come together and change president's Trumps mind on this. Share price closed yesterday at 55.58 US$ - I bought shares and still believe they'll rebound and see a new all-time high, but I fear I was too optimistic with "end of 2028". If the share price triples within the next 5 years, it'd still be a great return. This I think is totally within reach.
As a reminder, calculating with historical average returns, we are now in "green light" territory in the Nasdaq 100 / NDX. I often wrote that I consider the "vomiting lows" of october 2002, 23 years ago, as fair value for this index when we were in bubble territory in early 2000. The Nasdaq 100 had lost almost 84% back then from its high in early 2000 . And that I expect this index to compound at roughly 13% a year (including dividends). I'd never short US stock indices, right now I'd be a buyer !
I have no connection to the author of the book, David Aronson, nor the presenter in this video. It was suggested to me by YouTube. But it looks as if there's some serious value to it. If any of you who read this thread know the book, I'd love to hear opinions from you !