Nike seems to have shot itself in the foot. People are mad, and some even burning their shoes. It appears as if the company lost its mind; or did it?
What if Nike is either part of a plan to bankrupt the company, or an insider is involved? With Nike manufacturing facilities overseas, the scrutiny of the operations is minimal at best. An unusual drop in production could be overlooked. That cuts costs to prepare for bankruptcy, and insiders could sell stock at the higher price.
With the failing Kaepernick ads in motion, the drastic drop in sales, and investors fleeing in numbers, the company could file for bankruptcy, have debts reduced to pennies on the dollars, and buying into the lower stock yield a profit.
Meanwhile, a new company, or revised company could be born. The manufacturing facilities exist, the yearning for an overpriced sneaker is still prevalent, and the public would be ignorant of most everything, since nobody really pays that much attention to stock prices, or major investors.
Time will tell how this turns out, but I wouldn't automatically think Nike is stupid, or honest.
Like a Bond movie where the villain plans on selling short?
ReplyDeleteI'm amazed Nike would make what many consider an obvious blunder. I might be wrong, and their sales may go out of the roof, but I doubt it. Either they've been duped by a charismatic advertising group, or they have a clear motive.
DeleteSome executive got away with approval on this one. She or she is sitting at their desk. Thinking I got away with this one. Right up to the point the are fired
ReplyDeleteThe decision might send the company to the bankruptcy court, or to obscurity. Either way, there's a huge manufacturing process available for someone to use on another brand.
DeleteMy experience is that these types live in their own bubbles of sanctimony and self righteousness. My elderly mother called me a fascist for my concessions to race realities. The arrogant old boot lives in a gated white community, has only ever had carefully selected trained vibrants work for her; she has never had to work for them or with them; and she’s only seen the more feral ones on TV and makes excuses for them because she doesn’t know what she’s looking at. When she tricked out that old racist/homophobe/bigot crap, I called her a shitlib femcnut - and I to say I offended her was an understatement. She’d never seen her virtue signalling questioned, she’s never been called out on her BS, and she has never been actually mocked for it. Whenever she went off people around her bobbled their heads and agreed because they wanted to shut her up and didn’t want a fight. Right now half the nation is just like her. Problems with vibrants always happen to somebody else (who probably deserved it), it never happens in her world, She doesn’t have to pay the social consequences of social justice so she is just peachy with imposing it on the rest of us. And yes, she would like another glass of koolaid.
ReplyDeleteMost of our current leaders are just like her. Until they are fired, or are forced to live with the consequences of their ideology they will just keep on virtue signalling and preaching the tired old leftist boilerplate.
They usually are all in for packing dissenters into the boxcars, until they find themselves waiting in line to load in the boxcars.
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