?Last night on CNBC Mad Money, Jim Cramer said he sees accelerating earnings growth from shoe companies and Nike, Inc (NYSE:NKE) in particular. Nike has lagged the performance of Deckers (NYSE:DECK) and Skechers USA (NYSE:SKX) by a very wide margin,
Authentic Mens Jordan 11 Georgetown For Sale Mens Shoes, which could be a buying opportunity according to Cramer because Nike is best of breed. Cramer sees the bull market in shoes to continue and cites rising sales from shoe retailers, although they are not the best way to play the trend.
we want to own best of breed,
Where To Buy Jordan 11 Georgetown Sale With 70% Off, right? Best of breed in the area that has the most exposure to this bull companies that actually make the shoes. Remember DSW wasn so hot. Finish Line wasn so hot. Foot Locker was not so hot. See,
New Georgetown 11s Low For Sale Authentic Shoes, we need the ones that are hitting it out of the park. Companies like Nike and Deckers, Skechers and Madden. I already gotten behind Deckers, the makers of Uggs and Skechers,
Where Can i Find Jordan 11 Georgetown Low Us Outlet Store, two stocks that have already given us impressive gains. I not disavowing them. Uh uh. No way. But right now you want to own the best of breed; the best of the best. And there no doubt in my mind what that is, Nike is the global king of footwear with the most market share and huge opportunities in emerging markets. The company has a fabulous long term story. It one of the most recognizable and beloved brands in the world got the best geographic diversity of the four companies we looking at. Just 43% of its sales come from North America. 75% from Skechers, 89% for Deckers. 96% for Steve Madden. Plus,
Where Can i Find The Size 5 Georgetown 11s For Sale Cheap, Nike hasn run as much as the others. It up just 55% in the last year. Versus 419% for Skechers. 172% for Deckers. And 154% for Steve Madden. Those are all good stocks. But Nike the only one that hasn traveled up to nosebleed heights. Now,
Online Jordan 11 Georgetown Low Cheap Price Cozy Quality, Nike just reported a fabulous quarter last Wednesday. Earnings of $1.01 per share, beating the street consensus estimate by 12 cents. On sales up 6.6% the year over year. Now,
Real Cheap Jordan 11 Georgetown For Sale Shoes, I know other sales were up better Goldman Sachs points out in a terrific Conviction Buy report,
Womens Cheap Jordan 11 Georgetown For You At Best Price, over the past decade Nike stock has seen not one but two periods of big gains that have lasted for multiple quarters. Both times those gains were driven by earnings acceleration. And that where Nike is again right now. Its earnings growth is picking up,
Buy Authentic Georgetown 11s Low On Sale, after several quarters of flattish growth. And that where NIKE is again right now. Its earnings growth is picking up. After several quarters of flattish growth. As Nike earnings growth moves into the double digits, courtesy of recovering economies around the globe and the bull market in shoes CNBC Mad Money 3/22/2010
Clearly,
Store Online Authentic Georgetown 11s With Free Shipping, Cramer is bullish on shoe makers and later he continues to say that he is bullish on future quarterly sales of Nike as well thanks to the company own future sales estimates as well as a marked drop in inventory reported in their last quarter. In addition,
Buy Online Georgetown 11s Low Fast Delivery, the upcoming warm weather months will be full of sales catalysts for Nike including March Madness,
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Enjoy Big Discount Georgetown 11s With Authentic Quality, Wimbledon, the Boston Marathon and the World Cup to name a few.
This evidence works to support Goldman research report claiming Nike could be coming back around on a traditional cycle where earnings start to accelerate after a period of slow growth. Yearly earnings dating back to 2008 have come in at $3.74,
Order Online Authentic Georgetown 11s Low For Cheap Shoes, $3.81,
Order Mens Georgetown 11s On Sale With Discounted Price, and $3.82 (est.). However, analysts estimates are quickly rising after last quarter strong performance with 18 of 21 analysts tracked by Yahoo finance having raised estimates in the last 30 days, and the acceleration may be just beginning.
With that being said, we currently have a Fairly Valued rating on NKE as the valuation is actually approaching the upper end of its historically normal ranges. For example,
Cheap Buy Georgetown 11s Low With Best Quality, over the last ten years (roughly the same time frame as the Goldman report) NKE has traded for a price to cash earnings multiple of 13.0x to 19.8x,
Size 7 Cheap Georgetown 11s Low For Sale, but given the current fundamentals it trades near the upper end of the range at 19.3x. Furthermore, the current price to sales per share stands at 1.92x,
Where Can i Order Authentic Georgetown 11s For Sale Mens, which compares to the historically normal range of 1.35x to 2.04x. So,
Buy Online Cheap Georgetown 11s For Sale Mens Shoes, even if you incorporate current growth estimates for the next year, the company is far from undervalued. Nike is certainly seeing fundamentals improve,
Official Website Jordan 11 Georgetown For Sale Authentic, but according to our methodology much of that has already been priced in. We think it is reasonable for Nike to trade for a premium to other shoe companies (as it does to Deckers and Madden) because of their global market share and their potential for growth, but an investor must realize the market is currently paying a comparatively high price to what it has historically paid.
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