Buying NIKE here...
Yes, I know, I shouldn't buy the "Falling Knife," but you know what?
I couldn't care less...
I've been setting aside cash for a while, waiting for a major correction, and although I had been tempted to buy NIKE for some time now, I think the circumstances have now been right to start building a good position at these levels.
Furthermore, we know that the new management is working to correct everything the previous one did, and, well, what can I say about NIKE... if any sports brand is to prevail over time, I can't think of a better candidate for a DGI portfolio.
It currently offers a yield above 2.8%, but the best part is that it usually makes good dividend increases, has a lot of free cash flow, and also little debt, or at least payable debt.
Furthermore, the future projection is quite good based on past history (which isn't always good)...
It's not a speculative position, it's a HOLD position until I die...this should pay me part of my pension :-)
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