You’re doing exactly what they’re doing.
Taking a stock price at a specific and arbitrary time as definitive proof of the wisdom or lack thereof of Nike’s decision to make Kap a spokesman.
Yes, there was a short-term increase in the amount of online sales immediately after, but that will have little impact on the numbers for the quarter. And remember Q3 is almost over. Q4 will be the most telling.
I happen to think it was a dumb strategy because, as Michael Jordan said, “Republicans buy sneakers too.” But I’ll wait for the evidence.
|
(
In response to this post by Manbearpig)
Posted: 09/14/2018 at 2:06PM