JohnMitchell
2022-12-22

$Nike(NKE)$ Amazed at the rally... sad I was greedy and purchase my puts for the next week, but now I have some for February and those should pay off nicely and more than make up for this loss... results were atrocious: yes, the headline was better than the "expectations", but at best flat compared to last year, while other details were quite bad: inventories up (sign of issues with demand maybe), pretty high debt (decrease is inconsequential), lower margins, significant decrease in cash (this being the single biggest red flag). We'll see who gets the last laugh...

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