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Non-Tech : Nike
NKE 64.38-0.3%Jan 16 9:30 AM EST

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To: Duker who wrote (2241)12/16/1998 8:43:00 AM
From: Lucretius  Read Replies (1) of 2403
 
actually, I think NKE may bounce quite a bit... this mkt loves companies who are losing money or have contracting earnings. Crap floats in this mkt, that should be quite obvious after NKE's blastoff over the last couple days. It is interesting that Faye has issued a buy based on NKE controling costs... NOT getting earnings growth back on track or satbilizing their declining revenue base. So, in her logic she issues a buy on the co. when it is trading at about 40x earnings? Oh well, w/ AMZN at around 300x revenues.. nothing surprises me anymore.
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