at least 'the other' company in OR is doing well
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interesting call outs to the 'woke' culture moves in that article....wonder how much of that woke shift decreased sales in the us and china......it's quite possible that it affected the market in china more....makes the allure of western culture less 'alluring' from a chinese perspective
@a5 Like Warren B. says, buy when others are panicking. I believe in Elliott and product is dramatically better in recent quarters. Nike will be back better than ever.
Good news everyone! The announcement of layoffs has increased shareholder value!
Thank you wage slaves, your sacrifice will increase profits to shareholders immensely!
https://www.dailymail.com/yourmoney/article-15760475/nike-axes-jobs-layoffs.html
"Nike shares hit an 11-year low on April 13, capping a brutal stretch that has seen the company lose around 75 percent of its value since shares peaked in 2021.
It is now worth about $70 billion - a third of the value of TJ Maxx."
LULZ
Stock price yes, but both companies have a ways to get better. Intel basically got a bail out from the government. They were at deaths door last October.