@paulsantori brought up a great point about $NKE earlier today and that is that you don't know which stock is going to go up or down. They can be a global powerhouse brand and still have the share price collapse. $GPRO is another one and there are countless other stocks that have either never gone back up or no longer even trade. NKE stock price have fallen from it's all time intraday high Nov 5, 2021 where it hit $179.10 to at the time of writing it's trading around $35.76 If it were to just reclaim it's previous all time it would require over 400% gain from today's prices. Normally, when a company’s share price goes diving off a cliff, you might expect the dividend to get cut. Where as Nike has actually continued to raise its dividend. They have raised it for 24 consecutive years and are now sitting with a yield of just over 4.5% If they raise it again this year that would be 25 years, and they may qualify for Dividend Aristocrat status. I have no position in this company I've gone back and forth on it. When it dipped into the $38 range I started watching it a bit closer.
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Bill Johnston
@billjohnston · 2d
I'm having trouble finding Enron but it would be a good buy, right? 😂
