Compound248 💰
@compound248
"That thing that rich people do where they turn money into more money. Can you teach me how to do that, Jack?” - Tina Fey, 30 Rock
Jack, “With my eyes closed.”
Joined June 2020
865 Following 68K Followers
“Getting more expensive” means margins are compressing (pushing down profits).
Key question is what will normalized profit margins be in the future, because historically (pre-Covid), they were well more than double its current profile.
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Nikes forward PE is now ~30x.
The stock keeps getting more expensive as it falls. Sees $1.15 to 1.35. Street was at $1.72. Ugh.
$NKE
