I've tossed the thought of NKE around a bit, as well.
One of my best friends was a rep for the Swoosh for about 10 years, still has good contacts with the company, works in the sporting goods industry, and has a chunk of NKE stock in a 401K (which I've constantly suggested to him to peel off a bit, as that is his biggest holding, by far).
He has told me that, per his contacts, things are still weak, and will be for another Q or 2. This is not insider info, believe me, rather an interpretation of futures orders, etc.
That said, WS often overreacts, and NKE is still a big time brand name, experiencing a temporary (?) setback. Trading at a multi year low. Don't really understand the business that well, so I passed - bought WMT (a high PE stock for me) instead.
I mentioned EK here a while back. Still is interesting, even though the "axe" (Alex Henderson at Pru) said Wednesday (hence yesterday's weakness) that sales trends in the core photo biz are flat during this seasonally slow period. Has a modest PE, and has recently shown decent, if not spectacular, growth. Trading at a 52 week low. Has recently announced some interesting JVs with, among others, QCOM. |
