- 4,773
- 645
- Joined
- Jun 6, 2006
As we discussed before, it costs Nike $5 to make a pair of shoes they sell for $100+. It comes down to that they are going to squeeze every penny out of their company to appease share holders. A company can only sell so many shoes. They make up extra profit by making internal cuts: personnel, resources, production techniques.
Nike could use the same leather but they choose to make money first. The fourth quarter earnings of 2011 alone was $645 MILLION (up 15%). Nike is at $101/share with 459 MILLION shares outstanding. Nike is anywhere from hurting.
So either real cows have become an endangered species or Nike is just yet another corporation seeking the all mighty dollar.
But I do agree, they are thinking they can pull a switch on a new generation of AF1 fanatics that don't know what they missed.
Nike could use the same leather but they choose to make money first. The fourth quarter earnings of 2011 alone was $645 MILLION (up 15%). Nike is at $101/share with 459 MILLION shares outstanding. Nike is anywhere from hurting.
So either real cows have become an endangered species or Nike is just yet another corporation seeking the all mighty dollar.
But I do agree, they are thinking they can pull a switch on a new generation of AF1 fanatics that don't know what they missed.