I have noticed a very common theme with the small exception of some tech. Many companies are raising prices to compensate for less unit growth in order to grow earnings and maintain margins. That is starting to crack. Was going to add this to my Nike post but I thought this should be separate. I would like to hear some of your opinions, I think it's an interesting topic.
Yeah that's been going on for a while now. Most of the earnings from these food companies was a mirage of inflated costs like McDonald's, Pepsi, etc. The fast food companies were really egregious on that account. $8 for a big mac? I remember when they were $0.99 on specials. I think there was a McDonald's in Florida that had a big mac meal for $18. I think here in California an extra large Pepperoni Pizza at Round Table is $50+. Crazy prices.
Most likely you wrote this message because you invested in Nike, and lost $$$$$$$$$$$$. Nike chart shows the descending triangle formation AND is not on the uptrend. So if you press SELL and not BUY button first, you might be able to earn $$$$. What the Nike CEO and Sales manager do is none of our business. We just buy low sell high, or sell high buy low.
Maxinger , you posted a while back that you own plenty of Nike stock. My post wasnt meant to rub their earnings call in your face. Hopefully in the next few years you will get some of your money back.