Summary After the market closed on September 25th, NKE reported Q1 FY2019 results and its share price pulled back ~4% in afterhours trading. The share price rebounded to close down only 1.25% on September 26th. The Federal Reserve increased rates 25 basis points on September 26th and a further increase is anticipated in December. If [...]
Three high quality companies recently released earnings and guidance. Despite strong results and favorable earnings projections, investors have bid up the stock price of these companies to levels where there is a disconnect between the underlying fundamentals and the company's valuation. Summary Even investing in high quality companies can result in inferior investment returns. Investing [...]
Summary Even investing in high quality companies can result in inferior investment returns. Investing in a high quality company does not mean invest at any price. Pay particularly close attention to valuation levels. We are in the late stages of one of the longest bull markets in US history. Investors should be cautious when making [...]
Summary NKE reported Q3 results March 22, 2018 which were better than expected when the one-time ~$2B impact from the Tax Cuts and Job Act is excluded. Despite the tax hit, NKE has indicated the TCJ is slightly favorable in terms of its normalized steady state effective tax rate and because it will provide NKE [...]
Summary NKE recently held its Investor Day in which it presented its strategy to improve results. Game changing innovation is expected to contribute to improved margins. Unlike many other companies, NKE is not using a significant amount of debt to financially engineer its stock price and EPS. NKE is suitable for a risk averse investor [...]
Summary This Nike, Inc. stock analysis is based on Q3 2017 financial results released March 21, 2017. Nike reported strong Q3 2017 results although some investors have expressed concern about the deterioration in gross profit margin. Changing consumer shopping habits is posing a huge challenge but this problem is not unique to NKE. NKE has [...]
