Yes, I know, I shouldn't buy the "Falling Knife," but you know what?
I couldn't care less...
I've been setting aside cash for a while, waiting for a major correction, and although I had been tempted to buy NIKE for some time now, I think the circumstances have now been right to start building a good position at these levels.
Furthermore, we know that the new management is working to correct everything the previous one did, and, well, what can I say about NIKE... if any sports brand is to prevail over time, I can't think of a better candidate for a DGI portfolio.
It currently offers a yield above 2.8%, but the best part is that it usually makes good dividend increases, has a lot of free cash flow, and also little debt, or at least payable debt.
Furthermore, the future projection is quite good based on past history (which isn't always good)...
It's not a speculative position, it's a HOLD position until I die...this should pay me part of my pension :-)
Did the same on Friday, Eddie. 🤝🏻
Nike will come back strong.
Some buddies are on board with you guys!
Wishing you luck!
Thanks lemon! 🤝🏻
I know, I know...remember I told you I was planning it
👍🏻
Interesting! I just feel Nike ain’t what it used to be but that might just be me.
I have bought a LOT of $GAP though.
Cheap (9x P/E NTM), 3% dividend yield. Was just turned around by the new CEO and management team. Cash rich. New collection just launched which seems to be extremely successful.
Has a very good ratios, well done friend!
NIKE is a pretty good dividend stock. People will still need shoes, and its a decent choice to buy when the dip is happening.
Nike should be good, it's been around and "top gamma" on teenagers for ages
No cap, Nike’s always been a beast. Good time to grab some shares while they’re down. The dividend bump last year was nice too.
#hive #posh
Right now, the feeling is that the markets will go up from here and everything will seem to go up because people didn't think that altcoins would fall below their all-time lows, so now is the time to buy.
oh you are keeping cash ?
sadly i don't have any cash to enjoy the party now.
I think you did the right thing
That brand would surely come back way stronger than ever
HODL💪