NKE. Upping my long-held tracking and losing position a bit here.
In past times,betting on shoe retailer stocks that were Graham values at the time, did not work out for me. At least one went from cheap to bk. Well remembered, as the $ loss was significant for me.
Now, decades later I've had better luck makng small bets on athletic shoe retailer stocks that are far from Graham values. These latter have higher p/e's: Maybe because none, afaik, actually manufacturer their shoes. I'm holding stub or tracking positions in ASICS, ON (ONON), DECK, CROX of the majors. Also, fwiw, I have shares of retailers (omni-channel) that sell multibrands, e.g. CAL, SCVL. Also fwiw, tracking positions in high-end women's shoes, e.g. SHOO.
Nike, I'll guess might continue to have a high p/e because it's so dominant. Athletic shoes and retail clothing. |
