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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: jimmg who wrote (76253)12/20/2006 6:02:58 PM
From: kris b  Read Replies (1) | Respond to of 110194
 
The bears are on the ropes right now. It's hard to say what will give them reprieve.

"But in the second quarter, gross profit margins were relatively flat compared with a year earlier. Costs rose to 32 percent of revenues compared to 30.4 percent in the year-ago period."

So why is Nike down $ 1.08 in after hours trading despite posting very solid (boosted artificially by a tax refund form Dutch Government) earnings. Who is on the ropes?


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