When you look overseas you often find some unusual, if not outright strange, stories. China Dongxiang Group (OTC:CDGXY)
(3818.HK) may just take the cake, as this sportswear company apparently
isn't very interested in being in the sportswear business.
Although
China Dongxiang owns a relatively popular sportswear brand in China
(Kappa), management no longer seems committed to building the brand.
Instead, management likes to take the company's cash and invest in other
companies and investment funds, most having little or nothing to do
with sportswear. Apart from a small stake in Alibaba, management has
shown no particular skill with these investments and it seems unlikely
that they are going to pay out the surplus cash as a dividend or
reinvest it into the business.
Read the full article here:
China Dongxiang - A Sportswear Company That Doesn't Want To Make Sportswear
Showing posts with label China Dongxiang. Show all posts
Showing posts with label China Dongxiang. Show all posts
Wednesday, December 18, 2013
Tuesday, September 27, 2011
Investopedia: Nike Asks, "What Slowdown?"
Few companies get as much credit for its brand value as Nike (NYSE:NKE), but brand value alone does not seem to explain why the company continues to do so well in an environment where consumers are looking left and right for bargains. The fact is, while Nike may not offer the cheapest options in its categories, the price gap is not as large as it used to be and the company has done a very good job of delivering value for money. (If you are interested in value investing, read The Value Investor's Handbook.)
A Good Start to the Fiscal Year
With 18% reported revenue growth and 11% constant currency growth, Nike is starting this fiscal year right. Nike logged 15% growth in North America, while Western Europe was flat on a constant currency basis and China was somewhat sluggish at 9% growth. Emerging markets continue to offer a lot of growth for Nike (up 24%), but are still a fairly small part of the total. On a product line basis, apparel was the laggard with 9% growth (hurt in part by difficult soccer comps), but footwear climbed 13%.
Read the full piece here:
http://stocks.investopedia.
A Good Start to the Fiscal Year
With 18% reported revenue growth and 11% constant currency growth, Nike is starting this fiscal year right. Nike logged 15% growth in North America, while Western Europe was flat on a constant currency basis and China was somewhat sluggish at 9% growth. Emerging markets continue to offer a lot of growth for Nike (up 24%), but are still a fairly small part of the total. On a product line basis, apparel was the laggard with 9% growth (hurt in part by difficult soccer comps), but footwear climbed 13%.
Read the full piece here:
http://stocks.investopedia.
Friday, June 25, 2010
Wait For A Sale On Nike
When is high-quality merchandise not so attractive? When you have to pay up to get it.
I am a fierce bargain hound, so much so that if I am routinely shopping at your store, you may just have a problem. But that innate cheapness serves me well in the stock market and I think investors who do not already own Nike (NYSE:NKE) should put this one on their "buy when it gets cheaper" watch list.
The Quarter That WasNike had a lukewarm quarter. Revenue was a little light relative to analyst hopes, but still grew about 8% to just over $5 billion. Within that number, footwear sales climbed more than 6% (to about $2.7 billion), while apparel jumped up 13% to $1.3 billion.
For the full column:
http://stocks.investopedia.
I am a fierce bargain hound, so much so that if I am routinely shopping at your store, you may just have a problem. But that innate cheapness serves me well in the stock market and I think investors who do not already own Nike (NYSE:NKE) should put this one on their "buy when it gets cheaper" watch list.
The Quarter That WasNike had a lukewarm quarter. Revenue was a little light relative to analyst hopes, but still grew about 8% to just over $5 billion. Within that number, footwear sales climbed more than 6% (to about $2.7 billion), while apparel jumped up 13% to $1.3 billion.
For the full column:
http://stocks.investopedia.
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