BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Buyers Flee Nike After Earnings]]>http://www.bloggingstocks.com/2011/03/18/buyers-flee-nike-after-earnings/http://www.bloggingstocks.com/2011/03/18/buyers-flee-nike-after-earnings/http://www.bloggingstocks.com/2011/03/18/buyers-flee-nike-after-earnings/#commentsFiled under: ,

Nike, Inc. (NKE) is doing horribly this afternoon. As I write this, a quote of $77.51 is on my screen. That represents a drop of over 9% for the shares. Volume is huge. Hopefully many of you out there didn't do an earnings trade on this one.

How bad were the fiscal Q3 numbers? According to MarketWatch, net income of $1.08 per share was four pennies below the overall call by Wall Street. In addition, the potential for a weakening gross margin is said to have played a part in the sell-off.

Continue reading Buyers Flee Nike After Earnings

Buyers Flee Nike After Earnings originally appeared on BloggingStocks on Fri, 18 Mar 2011 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>athletic wearfootwearinthenewsnikeNike gross marginNike sell-offNKEFri, 18 Mar 2011 17:00:00 EST<![CDATA[Nike's Stock Value Is Highly Sensitive to Its Footwear Business]]>http://www.bloggingstocks.com/2011/03/14/nike-s-stock-value-is-highly-sensitive-to-its-footwear-business/http://www.bloggingstocks.com/2011/03/14/nike-s-stock-value-is-highly-sensitive-to-its-footwear-business/http://www.bloggingstocks.com/2011/03/14/nike-s-stock-value-is-highly-sensitive-to-its-footwear-business/#commentsFiled under:

Nike, Inc. (NKE) is the largest global manufacturer of athletic footwear, apparel and equipment by sales volume, and competes with Sketchers, Adidas AG, Steven Madden and K-Swiss in the global footwear market. It sells its products under several brands including Nike, Nike Golf, Converse, Cole Haan, Umbro, and Hurley.

We maintain a $77.52 price estimate for Nike's stock, roughly 13% below market price.

Continue reading Nike's Stock Value Is Highly Sensitive to Its Footwear Business

Nike's Stock Value Is Highly Sensitive to Its Footwear Business originally appeared on BloggingStocks on Mon, 14 Mar 2011 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredfootwearnikeNKEMon, 14 Mar 2011 17:00:00 EST<![CDATA[Wolverine World Wide: Buy or Sell?]]>http://www.bloggingstocks.com/2011/02/28/wolverine-world-wide-buy-or-sell/http://www.bloggingstocks.com/2011/02/28/wolverine-world-wide-buy-or-sell/http://www.bloggingstocks.com/2011/02/28/wolverine-world-wide-buy-or-sell/#commentsFiled under: ,

I was looking over some of the stocks mentioned in our Analyst Calls piece. Footwear concern Wolverine World Wide (WWW) was initiated with a buy rating courtesy of KeyBanc. Is buying this stock the right thing to do?

At the time of this writing, shares of the company were up fractionally to $36.53. That isn't far off from the 52-week high of $37.52. Volume of shares traded today, however, isn't impressive.

Continue reading Wolverine World Wide: Buy or Sell?

Wolverine World Wide: Buy or Sell? originally appeared on BloggingStocks on Mon, 28 Feb 2011 18:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>footwearWolverine World WideWWWMon, 28 Feb 2011 18:00:00 EST<![CDATA[DSW: Buy or Sell After Q2 Report?]]>http://www.bloggingstocks.com/2010/08/31/dsw-buy-or-sell-after-q2-report/http://www.bloggingstocks.com/2010/08/31/dsw-buy-or-sell-after-q2-report/http://www.bloggingstocks.com/2010/08/31/dsw-buy-or-sell-after-q2-report/#commentsFiled under: ,

DSW Inc. (DSW) has come off its 52-week high of $33.49. The chart shows that the stock has been trending downward since April. One could argue that it is basically following the market and its current bearish tendencies. But what about the fundamentals? What do they say?

The footwear entity, whose related companies include Collective Brands (PSS) and J.C. Penney Company, Inc. (JCP), reported net income of 52 cents per share for the second quarter. Last year at this time, the business made 17 cents per share.

Continue reading DSW: Buy or Sell After Q2 Report?

DSW: Buy or Sell After Q2 Report? originally appeared on BloggingStocks on Tue, 31 Aug 2010 18:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Collective Brandsdesigner shoe warehouseDSWfootwearinthenewsJCPJcPenneyPSSTue, 31 Aug 2010 18:00:00 EST<![CDATA[Collective Brands Down After Q1 Release]]>http://www.bloggingstocks.com/2010/06/02/collective-brands-down-after-q1-release/http://www.bloggingstocks.com/2010/06/02/collective-brands-down-after-q1-release/http://www.bloggingstocks.com/2010/06/02/collective-brands-down-after-q1-release/#commentsFiled under: ,

Collective Brands (PSS), which owns the Payless ShoeSource concept and competes with Walmart (WMT) and other retailers involved in the footwear industry, is down this afternoon by almost 9%. With about a half hour to go before the end of the session, the shares are trading at $19.63.

Why is the stock down? Looking at the Q1 earnings report, one gets the sense that the growth rate was attractive. The company made 83 cents per share versus 59 cents per share twelve months ago. Expectations were set at 75 cents per share. Free cash flow increased well over 8%. Shouldn't investors be bidding the shares higher?

Continue reading Collective Brands Down After Q1 Release

Collective Brands Down After Q1 Release originally appeared on BloggingStocks on Wed, 02 Jun 2010 15:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Collective BrandsfootwearinthenewsPSSshoeswal-martWMTWed, 02 Jun 2010 15:40:00 EST<![CDATA[Are Nike's Storm Clouds Clearing]]>http://www.bloggingstocks.com/2010/05/06/are-nikes-storm-clouds-clearing/http://www.bloggingstocks.com/2010/05/06/are-nikes-storm-clouds-clearing/http://www.bloggingstocks.com/2010/05/06/are-nikes-storm-clouds-clearing/#commentsFiled under: ,

Shares of Nike, Inc. (NKE), which I first wrote about on May 12, 2009 at a price of $50.98, navigated recent turbulence in decent shape.

Look for Nike to post a 1-3% fiscal 2010 revenue increase, followed by a better performance in 2011, boosted by international market sales, which account for 60% of revenue. A decent $1.08 annual dividend adds to the positive story.

Meanwhile, margins should remain near 12.8%, aided by continued corporate staff rightsizing and efficiency improvements.

Continue reading Are Nike's Storm Clouds Clearing

Are Nike's Storm Clouds Clearing originally appeared on BloggingStocks on Thu, 06 May 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>athletic apparelathletic shoesfootwearnikeshoesThu, 06 May 2010 18:00:00 EST<![CDATA[Emerging Markets and Electronics Retailers Sport Best Intangible Values]]>http://www.bloggingstocks.com/2010/01/11/emerging-markets-and-electronics-retailers-sport-best-intangible/http://www.bloggingstocks.com/2010/01/11/emerging-markets-and-electronics-retailers-sport-best-intangible/http://www.bloggingstocks.com/2010/01/11/emerging-markets-and-electronics-retailers-sport-best-intangible/#commentsFiled under: , , , , , ,

The 2009 equity market recovery has led to an increase in Q ratios for the world's largest retailers. What does this mean? They're using their tangible assets effectively and have demonstrated the strength of intangible factors, such as brand and operational efficiency, to create shareholder value.

"Q" is the ratio of a public company's market capitalization to the market value of its tangible assets. So, a Q ratio of above one means that investors value the company's non-tangible assets -- e.g., brand, differentiation, innovation, customer experience and customer loyalty -- and see these factors as reasons to pay a higher price per share. A company with a Q ratio of below one can't generate a sufficient return on its physical assets. According to Deloitte, this could create an arbitrage opportunity, as it may be ripe for an acquisition.

Continue reading Emerging Markets and Electronics Retailers Sport Best Intangible Values

Emerging Markets and Electronics Retailers Sport Best Intangible Values originally appeared on BloggingStocks on Mon, 11 Jan 2010 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aaplamazonamznapparelAppleBBBYBed Bath and Beyondbrandcustomer loyaltyDeloitteDLTRDollar TreeDollarTreeelectronicsfeaturedfootweargapGPSh and mhennes and mauritzHMRZFinditexNextpublixpushretail salesretail sectorretail stocksretailersRichemontross storesrostShopRitesuningtjxWoolworthsMon, 11 Jan 2010 12:00:00 EST<![CDATA[Nike: For now, hold shares]]>http://www.bloggingstocks.com/2009/09/14/nike-for-now-hold-shares/http://www.bloggingstocks.com/2009/09/14/nike-for-now-hold-shares/http://www.bloggingstocks.com/2009/09/14/nike-for-now-hold-shares/#commentsFiled under:

Nike has strong fundamentals, an exceptional brand, and ample opportunities to expand in emerging markets. And yet the stock has meandered for the better part of four months -- straddling the critical 50-day moving average. What's going on here?

More than likely, institutional investors are concerned that Nike, Inc. (NYSE: NKE) will fall prey to consumer pull-back, even though 60% of the company's sales are outside the now 'frugal consumer' U.S.

Continue reading Nike: For now, hold shares

Nike: For now, hold shares originally appeared on BloggingStocks on Mon, 14 Sep 2009 17:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>footwearnikeshoesMon, 14 Sep 2009 17:20:00 EST<![CDATA[Collective Brands comes up short in the second quarter ]]>http://www.bloggingstocks.com/2009/09/03/collective-brands-comes-up-short-in-the-second-quarter/http://www.bloggingstocks.com/2009/09/03/collective-brands-comes-up-short-in-the-second-quarter/http://www.bloggingstocks.com/2009/09/03/collective-brands-comes-up-short-in-the-second-quarter/#commentsFiled under: , ,

Collective Brands (NYSE: PSS), which owns the Payless shoe store, issued its Q2 release after the bell on Wednesday. Earnings per share took a significant dive once you made some adjustments for last year's results. They came in at 29 cents per share, a decrease of over 40%. Net sales went down over 8%.

On the surface, the news isn't good -- and it gets worse. As we all know, every investor has to play the earnings game with Wall Street. Collective Brands lost the good fight. The market was looking for 33 cents per share, according to Earnings.com. Coming in four pennies short is about as comfortable as wearing sneakers two sizes too small. Shares of Collective Brands were punished in the after-hours' session, with investors bidding the stock down by close to 7% at one point, though it later recovered.

Continue reading Collective Brands comes up short in the second quarter

Collective Brands comes up short in the second quarter originally appeared on BloggingStocks on Thu, 03 Sep 2009 11:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Collective BrandsfeaturedfootwearinthenewsKohlsKSSPSSretailshoesWal-MartWMTThu, 03 Sep 2009 11:00:00 EST<![CDATA[Crocs loses less than expected -- time to celebrate!]]>http://www.bloggingstocks.com/2009/08/07/crocs-loses-less-than-expected-time-to-celebrate/http://www.bloggingstocks.com/2009/08/07/crocs-loses-less-than-expected-time-to-celebrate/http://www.bloggingstocks.com/2009/08/07/crocs-loses-less-than-expected-time-to-celebrate/#commentsFiled under: ,

After the closing bell sounded yesterday, footwear firm Crocs (NASDAQ: CROX) reported second-quarter earnings, or should we say second-quarter loss -- yet the Street is ready to celebrate.

The foam footwear manufacturer reported a second-quarter loss of $30.3 million, or 36 cents per share. Taking a $34.8 million charge out of the equation, CROX would have lost a mere six cents per share. While these results are worse than those of a year ago, they managed to top Wall Street's expectations for a loss of 21 cents per share.

Continue reading Crocs loses less than expected -- time to celebrate!

Crocs loses less than expected -- time to celebrate! originally appeared on BloggingStocks on Fri, 07 Aug 2009 08:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>crocsearningsfeaturedfootwearretailugly shoesUglyShoesFri, 07 Aug 2009 08:40:00 EST<![CDATA[Under Armour turns apparel into performance in the second quarter]]>http://www.bloggingstocks.com/2009/07/28/under-armour-turns-apparel-into-performance-in-the-second-quarte/http://www.bloggingstocks.com/2009/07/28/under-armour-turns-apparel-into-performance-in-the-second-quarte/http://www.bloggingstocks.com/2009/07/28/under-armour-turns-apparel-into-performance-in-the-second-quarte/#commentsFiled under: , ,

Solid performance in the earnings spotlight from Under Armour (NYSE: UA), as the company reported a surprising profit of three cents per share. Under Armour's earnings topped the consensus estimate for a loss of two cents per share and matched the company's year-ago results. Quarterly revenue increased to $164.6 million from $156.7 million a year ago.

The results were driven by a 16.5% increase ($112 million) in clothing revenue, which compensated for an 18.4% drop ($37.5 million) in footwear from a year ago. Looking ahead, Under Armour forecast 2009 earnings between 80 and 82 cents per share, better than the consensus estimate for earnings of 79 cents per share. As far as revenue is concerned, the Maryland-based firm expects $810 million compared to $804.9 from the Street.

Continue reading Under Armour turns apparel into performance in the second quarter

Under Armour turns apparel into performance in the second quarter originally appeared on BloggingStocks on Tue, 28 Jul 2009 13:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>athletic apparelfootballfootwearinthenewsperformance apparelUAUnder ArmourTue, 28 Jul 2009 13:00:00 EST<![CDATA[Collective Brands sees earnings and sales decline, but beats expectations]]>http://www.bloggingstocks.com/2009/06/04/collective-brands-sees-earnings-and-sales-decline-but-beats-exp/http://www.bloggingstocks.com/2009/06/04/collective-brands-sees-earnings-and-sales-decline-but-beats-exp/http://www.bloggingstocks.com/2009/06/04/collective-brands-sees-earnings-and-sales-decline-but-beats-exp/#commentsFiled under: , ,

Collective Brands (NYSE: PSS), a footwear retailer that competes with companies such as Wal-Mart (NYSE: WMT) and Kohl's (NYSE: KSS), issued Q1 results on Wednesday after the bell. The business earned 59 cents per diluted share. That represented a decline over last year's results which, on an adjusted basis, calculated out to 66 cents per share.

That's not the only disappointing news. You also have a sales decline, impacted by currency effects (of course), as well as the expiration of a license related to the Tommy Hilfiger brand. Also, same-store sales dipped by 4.8% on a reported basis, and 3.2% after the exclusion of currency translation. As can be seen, you can look at same-store sales any way you'd like, but in the end, they went down, and that is never healthy for a retailer. A retailer always wants to see rising comps.

Continue reading Collective Brands sees earnings and sales decline, but beats expectations

Collective Brands sees earnings and sales decline, but beats expectations originally appeared on BloggingStocks on Thu, 04 Jun 2009 08:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>collective brandsCollectiveBrandsfootwearinthenewsKohlsKSSPaylessretailshoesStride RiteStrideRitewal-martWMTThu, 04 Jun 2009 08:00:00 EST<![CDATA[JockStocks: Does a recall reveal a chink in Under Armour's armor?]]>http://www.bloggingstocks.com/2009/04/30/jockstocks-does-a-recall-reveal-a-chink-in-under-armours-armo/http://www.bloggingstocks.com/2009/04/30/jockstocks-does-a-recall-reveal-a-chink-in-under-armours-armo/http://www.bloggingstocks.com/2009/04/30/jockstocks-does-a-recall-reveal-a-chink-in-under-armours-armo/#commentsFiled under:

Earlier this week, Under Armour (NYSE: UA) issued what could be a very painful recall for both its customers and the company itself. The company voluntarily recalled more than 200,000 of its athletic cups on fears that they could break if hit -- which could then cause injury to the athlete. Last time I checked (and it has been years since I have had to use a "cup") these things were actually supposed to protect the most sensitive area of male athletes, right? If these things aren't doing their jobs, get them off the shelves. Millions of men will agree with me (I think). These cups were manufactured in China according to the U.S. Consumer Product Safety Commission and noted that UA received (brace yourselves men) "five reports of cups breaking, including an injury involving cuts and bruising." Yipes!

Continue reading JockStocks: Does a recall reveal a chink in Under Armour's armor?

JockStocks: Does a recall reveal a chink in Under Armour's armor? originally appeared on BloggingStocks on Thu, 30 Apr 2009 13:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>athletic apparelAthleticApparelfootwearperformance apparelPerformanceApparelproduct recallProductRecallshoesThu, 30 Apr 2009 13:30:00 EST<![CDATA[DSW misses in fourth quarter ]]>http://www.bloggingstocks.com/2009/03/26/dsw-misses-in-fourth-quarter/http://www.bloggingstocks.com/2009/03/26/dsw-misses-in-fourth-quarter/http://www.bloggingstocks.com/2009/03/26/dsw-misses-in-fourth-quarter/#commentsFiled under: , ,

DSW (NYSE: DSW) issued a pretty short press release detailing its Q4 earnings on Wednesday. Can't blame management about that. There really wasn't much to say, other than the data did not look appealing.

The footwear business reported a loss of 17 cents per share. In the previous year's Q4, there was a profit of 2 cents per share (I'm sure DSW is looking on that time period with bitter nostalgia). Unfortunately, the market was looking for a loss of only 12 cents per share according to this.

Continue reading DSW misses in fourth quarter

DSW misses in fourth quarter originally appeared on BloggingStocks on Thu, 26 Mar 2009 08:00:00 EST. Please see our terms for use of feeds.

Read | Read | Permalink | Email this | Comments]]>collective brandsCollectiveBrandsDSWfootwearj.c. penneyJ.c.PenneyJCPMMacysPayless ShoesourcePaylessShoesourcePSSretailwal-martWMTThu, 26 Mar 2009 08:00:00 EST<![CDATA[Nike stomps estimates, but sales are another matter]]>http://www.bloggingstocks.com/2009/03/19/nike-stomps-estimates-but-sales-are-another-matter/http://www.bloggingstocks.com/2009/03/19/nike-stomps-estimates-but-sales-are-another-matter/http://www.bloggingstocks.com/2009/03/19/nike-stomps-estimates-but-sales-are-another-matter/#commentsFiled under: ,

Nike, Inc. (NYSE: NKE) issued its Q3 numbers on Wednesday, and they were impressive in that they beat the analysts by quite the wide margin. According to Trey Thoelcke's earnings preview, analysts were looking for the sneaker giant to do $0.79 per share. Well, on an adjusted basis, excluding an impairment effect related to the Umbro asset, Nike delivered $0.99 per share. That represents an 8% jump in the bottom line.

Continue reading Nike stomps estimates, but sales are another matter

Nike stomps estimates, but sales are another matter originally appeared on BloggingStocks on Thu, 19 Mar 2009 15:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>footwearNikeNKEsneakerstrey thoelckeTreyThoelckeumbroThu, 19 Mar 2009 15:20:00 EST<![CDATA[The week in preview: Eye on Marvel, KBR, First Solar, Deckers and more]]>http://www.bloggingstocks.com/2009/02/22/the-week-in-preview-eye-on-marvel-kbr-first-solar/http://www.bloggingstocks.com/2009/02/22/the-week-in-preview-eye-on-marvel-kbr-first-solar/http://www.bloggingstocks.com/2009/02/22/the-week-in-preview-eye-on-marvel-kbr-first-solar/#commentsFiled under: , ,

Analysts surveyed by Thomson Reuters expected the parade of earnings declines to continue into the final week of February, with Martha Stewart Living Omnimedia Inc. (NYSE: MSO), Nordstrom Inc. (NYSE: JWN), Home Depot Inc. (NYSE: HD), Wynn Resorts Ltd. (NASDAQ: WYNN), Macy's Inc. (NYSE: M), DreamWorks Animation SKG Inc. (NYSE: DWA), Limited Brands Inc. (NYSE: LTD), Target Corp. (NYSE: TGT), Royal Bank Of Canada (NYSE: RY), Del Monte Foods Co. (NASDAQ: DLM), Kohl's Corp. (NYSE: KSS), Washington Post Co. (NYSE: WPO), Dell Inc. (NASDAQ: DELL), Gap Inc. (NYSE: GPS), Campbell Soup Co. (NYSE: CPB), RadioShack Corp. (NYSE: RSH), and H.J. Heinz Co. (NYSE: HNZ) all expected to post lower earnings for the most recent quarter. Office Depot Inc. (NYSE: ODP), Saks Inc. (NYSE: SKS), and Cooper Tire & Rubber Co. (NYSE: CTB) are expect to have swung to a loss.

Continue reading The week in preview: Eye on Marvel, KBR, First Solar, Deckers and more

The week in preview: Eye on Marvel, KBR, First Solar, Deckers and more originally appeared on BloggingStocks on Sun, 22 Feb 2009 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CampbellCooperCPBCRMCTBDECKDeckersDel MonteDellDigital Realty TrustDLMDLRDLTRDollar TreeDreamWorksDWAearningsfeaturedFirst SolarFlowserveFLSfootwearFSLRGapGPSHalliburtonHASHasbroHDHeinzHNZHome DepotJim CramerJWNKBRKohlsKSSLimited BrandsLTDMMacysMartha StewartMarvelMotley FoolMSOMVLNordstromODPOffice DepotPCGRadioShackRBCRoyal Bank of CanadaRSHRYSafewaySaksSalesforce.comSHOOSJMSKSSmuckerSpider-ManSteven MaddenSWYTargetTeleflexTFXTGTWashington PostWPOWYNNWynn ResortsX-MenSun, 22 Feb 2009 12:30:00 EST<![CDATA[Crocs beats Q4 expectations, but don't be fooled ...]]>http://www.bloggingstocks.com/2009/02/20/crocs-beats-q4-expectations-but-dont-be-fooled/http://www.bloggingstocks.com/2009/02/20/crocs-beats-q4-expectations-but-dont-be-fooled/http://www.bloggingstocks.com/2009/02/20/crocs-beats-q4-expectations-but-dont-be-fooled/#commentsFiled under: , ,

Crocs (NASDAQ: CROX) reported earnings for the fourth quarter after the market close on Thursday. The shares were up almost 10% on the news during the after-hours trading session since the footwear company beat expectations by a wide margin. But let me tell you something: I cannot imagine any sane investor wanting to risk his hard-earned capital on this stock. The numbers are just too dismal.

Wall Street was bracing for a loss of $0.56 per share in the fourth quarter. Well, Crocs did much better than that. It lost only $0.40 per share. Great, right? Yeah. Let's look at the top line: it declined by 43%. Does that put the earnings beat in perspective? I sure hope it does. How about the fact that gross margin went down to 44% compared to 56% in the year-ago period -- does that also lend some context?

Continue reading Crocs beats Q4 expectations, but don't be fooled ...

Crocs beats Q4 expectations, but don't be fooled ... originally appeared on BloggingStocks on Fri, 20 Feb 2009 08:15:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>CrocsCROXDECKdeckers outdoorDeckersOutdoorfeaturedfootwearmelly alazrakiMellyAlazrakiNikeNKEFri, 20 Feb 2009 08:15:00 EST<![CDATA[Earnings preview: Is Nike a shoe-in to beat expectations?]]>http://www.bloggingstocks.com/2008/12/16/earnings-preview-is-nike-a-shoe-in-to-beat-expectations/http://www.bloggingstocks.com/2008/12/16/earnings-preview-is-nike-a-shoe-in-to-beat-expectations/http://www.bloggingstocks.com/2008/12/16/earnings-preview-is-nike-a-shoe-in-to-beat-expectations/#commentsFiled under: , ,

Nike (NYSE: NKE) will be reporting numbers for the second quarter on Wednesday, December 17. What should investors be expecting from the famous sneaker company?

Well, according to this earnings source, Wall Street thinks that Nike can deliver somewhere around $0.79 per share. If management hits this number, then we're talking growth of about 11%. Not the most exciting growth rate ever seen, but shareholders learn to appreciate low double-digit growth expansion in bad economic times. And judging by recent history, it seems like a good bet that Nike will, at the very least, meet expectations. The company has beaten the analysts on a pretty consistent basis, so even if the global recession has caught up to Nike, I'd have to assume that they'll at least deliver what's expected of the business (my guess is that we'll see a beat). Back in September, Michael Fowlkes wrote about Nike's beat in Q1.

Shareholders will be looking for clues as to how Nike is handling the tough climate. Margins will be looked at, and the effect of currency exchange rates will be scrutinized. The big question will center on what happens next. Will consumers still want to spend good money on expensive footwear? Nike does have great brand equity, as I noted back in the summer, but you pay up for its products. How attractive can that be with job cuts dominating the news flow? Shareholders should also see how many shares of stock management saw fit to take out of the float. That will indicate a level of confidence in its current business model.

Continue reading Earnings preview: Is Nike a shoe-in to beat expectations?

Earnings preview: Is Nike a shoe-in to beat expectations? originally appeared on BloggingStocks on Tue, 16 Dec 2008 12:52:00 EST. Please see our terms for use of feeds.

Read | Read | Read | Permalink | Email this | Comments]]>earnings previewEarningsPreviewfootwearinthenewsMichael FowlkesMichaelFowlkesNikeNKEsneakersTue, 16 Dec 2008 12:52:00 EST<![CDATA[Nike (NKE) first quarter earnings preview]]>http://www.bloggingstocks.com/2008/09/22/nike-nke-first-quarter-earnings-preview/http://www.bloggingstocks.com/2008/09/22/nike-nke-first-quarter-earnings-preview/http://www.bloggingstocks.com/2008/09/22/nike-nke-first-quarter-earnings-preview/#commentsFiled under: , , , , , ,

Wednesday afternoon following the market close, Nike Inc. (NYSE: NKE) will be reporting its fiscal first quarter earnings, and analysts are looking to see the company show earnings for the quarter of 92 cents per share.

The last time that the company reported was back on June 25, when it was able to beat out Wall Street estimates by two pennies, with a reported 98 cents per share for its fiscal fourth quarter, mostly a result of strong international demand, which was able to overcome weak consumer spending that hurt the company at home in the U.S. In fact, to find the last time that the company reported quarterly figures under Wall Street estimates, you would have to go all the way back to its fiscal fourth quarter 2006 when it missed by a penny, with a reported 70 cents per share.

On a year over year basis, should Nike come in with 92 cents per share, it would be a 16.9% drop from the $1.12 that it was able to earn during the first quarter of 2007.

Continue reading Nike (NKE) first quarter earnings preview

Nike (NKE) first quarter earnings preview originally appeared on BloggingStocks on Mon, 22 Sep 2008 15:14:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>apparelchinaearningsearnings previewEarningsPreviewfootwearinthenewsmarketingNikeNKEolympicsMon, 22 Sep 2008 15:14:00 EST<![CDATA[Skechers makes a bid for Heelys]]>http://www.bloggingstocks.com/2008/08/14/skechers-makes-a-bid-for-heelys/http://www.bloggingstocks.com/2008/08/14/skechers-makes-a-bid-for-heelys/http://www.bloggingstocks.com/2008/08/14/skechers-makes-a-bid-for-heelys/#commentsFiled under: ,

Heelys (NASDAQ: HLYS) has looked interesting to me for the past few months. Sure, it's a fad product that's way past its prime but look at the balance sheet: the stock is trading very close to its book value and has $96 million in cash on the balance sheet, compared with a market cap of just over $130 million. The company also has no debt.

Apparently Skechers (NASDAQ: SKX) sees some value here too. In a press release issued after the close of the market yesterday, Skechers announced that, on May 28th of this year, it had made a formal proposal to acquire Heelys. The proposal was rejected without being disclosed to shareholders, and now Skechers is taking the battle to the streets, offering to acquire the entire company for $5.25 per share, a premium of just 8.2% to Tuesday's closing price.

Shares of Heelys traded up to $5.35 after-hours, indicating that investors anticipate that Skechers -- or someone else -- may come through with a more compelling offer.

From a corporate governance and transparency perspective, I think it's disappointing that Heelys didn't disclose the original offer to its shareholders. But given the state of the economy, and its beaten down share price, Heelys can probably make a strong case for staying the course as a stand-alone company, at least for now. If Skechers really wants Heelys, it will up the offer -- the company has to realize that a premium of 8.2% is just not very compelling.

Given the interest in Heelys, you also have to wonder whether fellow fallen angel of footwear fads Crocs (NASDAQ: CROX) could also end up in play soon.

Skechers makes a bid for Heelys originally appeared on BloggingStocks on Thu, 14 Aug 2008 09:26:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>croxfeaturedfootwearfootwear stocksFootwearStocksHeelysHLYSinthenewsSkechersSKXThu, 14 Aug 2008 09:26:00 EST