Are Nike's Storm Clouds Clearing

Filed under: NIKE, Inc'B' (NKE), Stocks to Buy

Shares of Nike, Inc. (NKE), which I first wrote about on May 12, 2009 at a price of $50.98, navigated recent turbulence in decent shape.



Look for Nike to post a 1-3% fiscal 2010 revenue increase, followed by a better performance in 2011, boosted by international market sales, which account for 60% of revenue. A decent $1.08 annual dividend adds to the positive story.



Meanwhile, margins should remain near 12.8%, aided by continued corporate staff rightsizing and efficiency improvements.

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Are Nike's Storm Clouds Clearing originally appeared on BloggingStocks on Thu, 06 May 2010 18:00:00 EST. Please see our terms for use of feeds.

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