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Re: Nike destroys $3 billion in market value overnight

Posted: Sat Sep 08, 2018 3:34 pm
by Vonz90
Rich Jordan wrote:
Sat Sep 08, 2018 3:15 am
Kim posted a link on his blog to an article that posits that Nike and Levi are doing these seemingly harmful things to try and prevent trade resets with China and (reportedly) North Korea, where the Chinese now go for low cost labor. They're "siding" with those opposing Trump and his trade actions in order to preserve their current trade environment and, apparently, much more money than they might lose by alienating many of their American customers.
Saw that, commented there and will say here; the thesis does not add up.

Re: Nike destroys $3 billion in market value overnight

Posted: Sat Sep 08, 2018 7:10 pm
by Wrenchbender1

Re: Nike destroys $3 billion in market value overnight

Posted: Sat Sep 08, 2018 9:56 pm
by HTRN
Its been reported that Nike Sales are up 30% since this started.