These CEO's f*d their companies. They all hired men to be women spokespersons and tried selling products to people who dont like or use them. They then told the customers they were the problem. They all lost sourcing in China (bud for cheap aluminum) and now face shipping issues. The biggest spokesman they have ever had are now largely irrelevant (Jordan, Clysdales, The Mouse). Nike has even closed their signature store in Portland, the site of the company headquarters. My local grocery store doesn't even put Bud out. It went from occupying half the freezer to having only a couple of cases in it. And Disney couldn't pay someone to go to a movie (they are offering them free on my service). When this bull market ends, I will be shorting these train wrecks into oblivion. These companies offer high prices (Bud light can't give beer away) and a disappearing sales base. These companies will drop by 60-70% when there is no margin or mania to support them, and they will not recover for years, if ever. I will laugh all the way to the bank. 😁 iam just waiting for now. I project every single one of these under 20 and closer to 10 by the end. BUD will have to sell to recover, new ownership, new management, new everything. Disney and Nike are a little different. They will hold onto the past as long as they can, and it will be boards or activist shareholders who force the change.
Mr Trecherous :
SpyderCall : Layoffs have been spreading like wildfire. It seems like every company that reports earnings is also reporting mass firings.
iamiam OP SpyderCall : They have been increasing since October. (when I think the real "official" recession began, the government never declare them until they can no longer deny it, and they do it with a revision "oh, by the way weve been in a recession for 6 months" ). But i keep getting job offers Companies don't want their workers they want the old retired ones that left them it's the ditched girl parody, always pining for who left them.
SpyderCall iamiam OP : looks like these cheaper workers can't hack it.
iamiam OP SpyderCall : I say they got what they wanted. They just didn't think it would go like this. They thought they could get these cheap sheep if they just coddle to them and say buzz words.
Jacob Woolford :
iamiam OP : update:
Nike announced another round of layoffs coming in May.. So the 2% is just a start.
Violets : i bought some Nike via mail. don't like Nike but for some reason their tennis shoes fit me like no other. these were expensive. they looked kind of funny. they are pleather and ugly