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The current development at Nike is worrying. When can we expect a turnaround? Does an investment in this share still make sense at present? 🫡
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6Lun
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@Nobody_123 I have now set a price alert at 57.
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@DividendenEinhorn Unfortunately, I'm already in it. Currently down 10%, but you can see that the market was expecting much less. I therefore believe that the dump will not last long. But let's keep watching. But I would add to the position.
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All analysts and Nike itself are saying that the turnaround will take several more quarters. It should not be forgotten that the improved earnings figures were only achieved through massive cost-cutting measures. This effect will not be repeated in the coming quarters. I therefore expect to see a positive development towards the end of the year at the earliest. That doesn't mean that it can't go up by 5-10% in between.
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@DividendenEinhorn bought adidas a good 2.5 years ago and have since sold it again. But I would still prefer adidas to Nike as an investment
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@DividendenEinhorn take a look at Anta Sports, same segment, better company
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