Nike is currently unattractive due to competition but offers upside from low valuations (price ~40) and potential PE takeout; buying now has less downside risk than buying when it looked great.

We discussed Nike. We'll also touch on your extremely negative comments on Nike, which is the opposite. When the stock price was much much higher, there were only positive comments. That's how the human psyche works.

Some were buying Nike. If it goes lower, some always say they will buy more. Then Nike going good with the young ones.

Speaking of ugly, Nike, how it looks terrible. These brands could not look worse. Well, if you want to buy something, it's better to buy it at 40 than at 160 when it looked great.

So, that's something. I'm not saying nothing wrong with the comment great comment here. I'm just saying it's better to buy when it looks ugly and there is only upside left than downside.

Some other comments we are getting older not for us 40 something dude the youngers are going for I show speed or something like that. Some say that they will buy lower but it was at 60 now it is 40 and then always people delay those buys but Peter Lynch said you buy a turnaround when it starts to go up.

So now it's at 40. You might wait for it to get to 50 and then ride from 50 to 70. That might be the least risk. If it goes lower now, you buy the trend up.

And then of course the key is competition. Nike, Pumac, Omero. It was that was that. Now we have a dozen of those brands. And also we don't know whether Michael Jordan can still dunk.

Going woke things like that. Very interesting. Michael Jordan, who knows if he can still dunk. As we already said, huge competition in the market. So, that's something copycats in China, but they would need to go to straight people in the marketing, things like that.

Interesting comments inside in the decline. Perhaps some private equity will take it over at 70 billion. Perhaps it has to go lower. But the most money you can make is when something looks ugly.

For me personally, margin of safety is always the private equity takeout which is at the P ratio of 10 because they will pay not more than 15 and then they will wait for ugly times.

You can have some margin of safety. If things don't develop well then it gets very very ugly from the basket there.

Nike perhaps is cheaper a little bit. But for me, this is not value investing.