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Non-Tech : Nike -- Ignore unavailable to you. Want to Upgrade?


To: pat pasquale who wrote (2272)1/26/1999 8:26:00 PM
From: Stephen O  Respond to of 2403
 
Pat I have never looked at NKE before, only did so because of CSI announcement. You're right, this stock is a screaming short.
A PSR of 1.33 for a manufacturer of shoes and clothing, in Indonesia no less, is way out of line. their sales are dropping and yet it is priced as a growth story. The insiders are doing nothing but sell.

A pe of 50, book of $11.44



To: pat pasquale who wrote (2272)1/26/1999 8:34:00 PM
From: Duker  Read Replies (1) | Respond to of 2403
 
<<it will not add to the price of merchandise being sold nor bring down the cost of producing so i still think NKE's days are numbered....>>

Days are numbered? Sounds a bit dramatic, don't you think?

... by the way, MG&A expense is as much of a cost to NKE as product costs ... so, I really don't think you should criticize this system if it actually does what it is advertised to do ... I have no problem with your bearishness ... just don't be a blind bear ...

--Duker