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.”
加入 June 2020
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“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
