Monday, March 26, 2012

Investopedia: Nike Running Away From Everything

When companies with great brands go on runs, all you can really do is hang on for the ride (if you own shares) or wait in the hopes of a stumble somewhere down the line (if you don't). By no means is Nike (NYSE:NKE) cheap right now, but it's hard to fault a huge global leader that is growing by double-digits and could yet double revenue over the next decade (if not sooner).

Another Good Quarter ... Mostly  
Although it wasn't a flawless fiscal third quarter, on the whole Nike did a very good job and business is strong. Revenue rose 15%, as the company logged double-digit sales in all of its major categories. Sales to North America (the largest region) rose 17%, while sales to China rose over 25%, despite a somewhat sluggish performance in apparel.

Please read more here:
http://stocks.investopedia.com/stock-analysis/2012/Nike-Running-Away-From-Everything-NKE-FL-VFC-LULU-UA0326.aspx

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