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Nike (NKE) plans to buy back $8B worth of class B shares in a four-year program, the sportswear...

Nike (NKE) plans to buy back $8B worth of class B shares in a four-year program, the sportswear giant said late yesterday, joining CVS Caremark in announcing a major repurchase program. Nike will commence the scheme once it completes an existing $5B program in FQ2 2013; over the past decade, the company has repurchased $10B worth of shares. (PR)
Comments (1)
  • neobliviscar
    , contributor
    Comments (161) | Send Message
     
    Uhmm... No.
    NKE lower after announcing buyback. Someone has been massively unloading for days, selling into the QE3 and this buyback spike. This darling has repeatedly shown what I interpret as considerable insider trading. It was largely front-run into its 25 point drop off last earnings.

     

    Very careful with this puppy. Like the brand, like the company, - but hate the way the stock is traded. Sort of an In-Club for certain institutions and large hedge funds. Everyone else need not apply.

     

    Wait for earnings and bottom buy or trade off that.
    20 Sep 2012, 11:16 AM Reply Like
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