Did Nike Drop From $500 to $80/Share On the Kaepernick Ad?

​Did Nike Drop From $500 to $80/Share on the Kaepernick Ad? Investors Ask Natalie.
 
Dear Natalie:
 
A friend is suggesting that I buy Nike stock, which he says has fallen from $500 to $80 because of the ad featuring Colin Kaepernick. What do you think?
Signed, A Little Help from My Friends
 
Dear Friend,
 
Wow. This is the best example of why you should never act on a hot tip from a friend that I’ve ever seen! As you can see in the chart below, Nike stock is trading at an all-time high at $80/share! I have no idea what your friend’s motivation is in trying to get you to buy Nike right now, but I can tell you that she’s no Warren Buffett! If this was a tip from a financial planner, then she has just tipped her hand that she's a salesman after her own interests above yours. In that situation, it's time to get an unbiased second opinion on your entire financial plan as soon as possible. (Call 310-430-2397 to learn more about how to receive my unbiased second opinion.)
 

Chart on Money.MSN.com. (c) 2018 Microsoft. Used with permission.

On September 4, 2018, Nike stock dropped about $2/share, but it’s still very pricey. I don’t see any compelling reason to jump in at a 68.50 price to earnings ratio, in the 10th year of the bull market. If you like the ad, a better investment would be to support the company’s controversial decision by buying Nike’s shoes and clothes… I’d wait for a truly (not hearsay) better price before buying the stock.


If you'd like to learn how to access this simple data, and use the tools for evaluating investments that earned me the ranking of #1 stock picker, join me at one of my Investor Educational Retreats. Call 310-430-2397 to learn more. 
 

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