I'll be candid, my reservations about Nike stem from my concerns with their management, particularly their track record of setting and then missing ambitious targets. The problem is not so much that they cannot meet forecasts, but that they are not conservative in managing Wall Street's expectations. Their historical outlook reminded me of Twilio, who made a massive (and unnecessary) claim in their investor day in October 2020 that they could grow their organic revenue by 30% a year through 2024, only to retract the claim later. It makes me wonder why management is so eager to impress Wall Str...
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