And will be interesting what interest, if any, Nike has in UCLA. Nike just announced their own huge net income hit and with uncertainties throughout college sports UCLA is staring at a huge financial abyss. But I like Martin Jarmond’s energy and while this is a huge challenge, something better may come out of all of this.
And will be interesting what interest, if any, Nike has in UCLA. Nike just announced their own huge net income hit and with uncertainties throughout college sports UCLA is staring at a huge financial abyss. But I like Martin Jarmond’s energy and while this is a huge challenge, something better may come out of all of this.
For reference, almost a year ago (07/29/19), Under Armour was trading at 24.39 and closed today at 8.90 (06/29/20). Nike closed at 104.53 (01/13/20) and closed today at 95.87 (06/29/20). As you said, Nike announced a 40% fourth quarter drop.
| Nike lost $790 million, or 51 cents a share, in the fourth quarter, contrasting with
| earnings of $989 million, or 62 cents a share, in the year-ago quarter.
|
| Sales fell to $6.3 billion from $10.1 billion a year ago.
|
| Nike pinned the 38% drop on store closures due to the coronavirus pandemic
| and fewer shipments to its wholesalers, which increased inventory.
Looks like they will not be ponying up any money for colleges any time soon.
no secret that UA is hurting. I'd buy stock at that price, but no telling if it keeps going to 5. It's problems go far beyond the covid earnings problems.
I'll be very surprised if UA comes out of the pandemic solvent. Especially when American arrogance is stepping on the covid gas pedal instead of hitting the brakes..
And will be interesting what interest, if any, Nike has in UCLA. Nike just announced their own huge net income hit and with uncertainties throughout college sports UCLA is staring at a huge financial abyss. But I like Martin Jarmond’s energy and while this is a huge challenge, something better may come out of all of this.
For reference, almost a year ago (07/29/19), Under Armour was trading at 24.39 and closed today at 8.90 (06/29/20). Nike closed at 104.53 (01/13/20) and closed today at 95.87 (06/29/20). As you said, Nike announced a 40% fourth quarter drop.
| Nike lost $790 million, or 51 cents a share, in the fourth quarter, contrasting with
| earnings of $989 million, or 62 cents a share, in the year-ago quarter.
|
| Sales fell to $6.3 billion from $10.1 billion a year ago.
|
| Nike pinned the 38% drop on store closures due to the coronavirus pandemic
| and fewer shipments to its wholesalers, which increased inventory.
Looks like they will not be ponying up any money for colleges any time soon.
no secret that UA is hurting. I'd buy stock at that price, but no telling if it keeps going to 5. It's problems go far beyond the covid earnings problems.
Yeah, UA's problems existed prior to COVID. All the pandemic did was exacerbate those issues.
I'll be very surprised if UA comes out of the pandemic solvent. Especially when American arrogance is stepping on the covid gas pedal instead of hitting the brakes..