1. If Phil or Travis Knight does not take NIKE private, this is not a turnaround story. 2. Warren Buffett and Charlie Munger could see it.

Phil's family has still large influence on NIKE - in fact, they get to determine 8 out of 11 board of directors thanks to amount of Class A shares they hold. My view is so far, they havent done anything and I am not sure if they will intervene. If they dont either changing the CEO, the board, or taking the company private - I am not sure I can have faith in NIKE. I stumbled upon 1990s video of Warren Buffett and Charlie Munger. They are being asked why they didnt invest in the company, their response was they didnt understand even if they tried and they couldnt see where the company would be in 20 years or so. I did some calculation since that question asked on May 4, 1998, NIKE was trading at 6.02$, it annualized return would have been 6.4% by now. Good job Warren and Charlie, you are still the GOATs.

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u/hallucehistory 1 10 hours ago

Well Charlie Munger passed so I doubt he’s making any moves and buying a business with deteriorating product quality and a has-been brand that nobody relates to anymore isn’t exactly Buffett’s playbook
u/ExpensiveFizzyCrab OP 1 10 hours ago

your point is baseless and unrelated here
u/hallucehistory 1 10 hours ago

That’s not what ur mom said last night
u/ExpensiveFizzyCrab OP 1 10 hours ago

my mom could fold you in half and make baguette - garlicky
u/HMCtripleOG 1 10 hours ago

This is that same Nike guy who said it wouldn't go below 40. Hilarious how committed you are to this terrible assessment of the company. For what it's worth where I live they just pulled the plug on a new Nike automated warehouse which is surely another indicator that it's not going well. Anyway I'm sure we will be reading some new prediction from you flogging the same old dead horse this time next week, good luck with your investment choices. You will need it
u/[deleted] 1 10 hours ago

[removed] — already gone when the archive first saw it
u/johnsonutah 1 10 hours ago

What's the turnaround strategy? No one is going to pay a premium to take it private if they don't see a clear path to valur creation, even the family itself...
u/ExpensiveFizzyCrab OP 1 9 hours ago

agreed. there is no strategy, that is my whole point
u/WhyAreYallFascists 1 9 hours ago

The strategy? Have an insane small basketball player come in, sign with them, be the best player in the NBA. Curry’s dominance with kids over the last handful of years has just chipped away at the core Nike business, basketball shoes.
u/MandingoPants 1 9 hours ago

warren buffett sold snowflake at the bottom. Can we stop treating this cracker like he was a god? kthx
u/PMmeuroneweirdtrick 1 9 hours ago

Pussied out of TSMC too
u/lookathis 1 9 hours ago

Buffett and munger did buy another shoe business, Dexter, that bankrupted due to offshoring. Buffet lost $17.8 billion in Berkshire shares on that deal. If they had bought Nike at $34 they still have $34 today plus dividends.
u/PTRBoyz 1 9 hours ago

I wore Jordan’s and Nikes exclusively for 30+ years. This year I’ve bought new balances and on clouds instead. Nike is dead.
u/Bilbosthirdcousin 1 9 hours ago

Take private most likely outcome but might as well wait