“AI Safety Fears, Fed Rate Hikes, & Airbnb's $250M Housing Fund”
Gradually buying NKE due to brand recovery in running community and strategic board appointment of Alexandre Arnault; stock down 78% from high but fundamentals (cash flow >$9/share) support long-term bet.
Austin, I was speaking frankly about my gradual return to investing in Nike stock after a very long hiatus , because I think they've kind of moved past all those controversial announcements and other things.
I see a strong comeback for the Nike brand among runners and exercise enthusiasts . The Jordan brand has just announced the launch of its new range of gym equipment. Therefore , the "Jordan" brand collaborated with "Nike Strength" to launch a complete line of strength training equipment for home and commercial use.