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Nike Stocks Surging Following Betsy Ross Controversy
TMZ Sports ^ | 07/05/2019

Posted on 07/05/2019 1:13:48 PM PDT by Drew68

The heat Nike is taking over the controversy surrounding Colin Kaepernick and the Betsy Ross Flag Shoe is having another effect ... enhancing the brand's appeal to investors.

Nike shares are surging in the wake of the company's decision to recall its special Betsy Ross Flag Air Max 1 USA sneakers after Kaepernick complained the 13-star flag design was offensive because it's been co-opted by several white nationalist groups.

Since Nike pulled the plug on the sneakers following Kaepernick's objections earlier this week, Nike shares have seen a 2 percent increase since Tuesday, adding nearly $3 BILLION to the shoe giant's market value.

Friday afternoon, trading Nike shares were up slightly to $86.62 and the company's market value is now $136.38 billion.

The stock surge looks a lot like what Kevin O'Leary predicted a few days ago ... the "Shark Tank" investor told us Nike is taking advantage of the controversy with a firestorm of free marketing.

A similar trend involving Nike and Kap unfolded last year, with Nike stock rising and sales jumping after the Swoosh signed Kaepernick as a spokesman.


TOPICS: Chit/Chat
KEYWORDS: betsyross; colinkaepernick; nike
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To: butlerweave
Lefties have money to burn?

Yeah, OURS!

81 posted on 07/05/2019 4:10:57 PM PDT by RetiredArmy (Russia and Putin didn't make me vote for Trump, HILLARY DID!!!)
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To: mabarker1
There needs to be Charges Filed on this crap.

U.S. Flag Code is not law. Violating it is not a crime.

82 posted on 07/05/2019 4:14:48 PM PDT by Drew68
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To: Drew68

Even Judas got his pieces of silver.


83 posted on 07/05/2019 4:22:56 PM PDT by Midwesterner53
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To: Drew68

The stock is 50 cents a share higher today than it was Monday before the storm broke. What a huge gain!!!!


84 posted on 07/05/2019 4:26:22 PM PDT by Midwesterner53
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To: mabarker1

Exactly. It’s disrespectful. I can see having red, white and blue motif’s on picnic stuff (but not the Flag) for the 4th. though.


85 posted on 07/05/2019 4:59:04 PM PDT by SkyDancer ( ~ Just Consider Me A Random Fact Generator ~ Eat Sleep Fly Repeat ~)
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To: Repeal The 17th; Drew68; Chode

Not in MY view. But then again if I were to be running this Asylum The Guidelines would BE The RULES !

But that would make Me a Right wing, slave driving, dikytater, Bible toting, Pistol Packing, Rooting hootinst, tootinist, shootinist bobtail wildcat in the west! And that means I’d be worse than President Trump is made out to be by them demonratcommiescumbags. I can promise that they would be happy to deal with President Trump over ME !!!

Now where was I ? Oh yeah, desecration of The Stars and Stripes- First I would take All their money and Pay off My Bar Tabs and hire a Domestic Engineer (Maid) so My Wife would be able to relax.

Second- Public Floggings and the rest of the day hanging around in the Stockade on Public Display for the Punkperps.

Third- Make them go to every Cemetery to place US Flags on All Military Veterans Grave Sites.

Fourth- Time Out, gotta Charge the Tablet or a while.

Sir Chode- Me neither. Remember a few Black Fridays ago the shooting at the Maul here where the Youngest was working at starducks and told to hide in the office behind the cardboard door ? All over them stoopid shoes !!!


86 posted on 07/05/2019 4:59:06 PM PDT by mabarker1 ((Congress- the opposite of PROGRESS!!!))
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To: Drew68; All

Read me:

https://psmag.com/education/the-secret-betrayal-that-sealed-nikes-special-influence-over-the-university-of-oregon


87 posted on 07/05/2019 7:59:55 PM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: mabarker1

During desert storm I had to clear and render safe a iraqi torture chamber in Kuwait City after the liberation ...... Iraqi SOB’s loved to take polaroids of they’re “work” One that I remembered well was of a set of bolt cutters being used to sever a victims achilles tendons .....


88 posted on 07/05/2019 9:17:18 PM PDT by Squantos (Be polite, be professional, but have a plan to kill everyone you meet ...)
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To: mabarker1
there needs to be a background check along with a three day waiting period to but felony flyers
89 posted on 07/05/2019 9:25:30 PM PDT by Chode (Send bachelors, and come heavily armed!)
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To: Drew68

two points: 1) Two weeks ago Niek stock formed a double bottom and increased 3% prieor to this latest publicity announcement. see comments below why this withdrawal of Betsy Ross shoes was not an accident.Earnings, not short term sales drives Nike, and they have been steadily increasing their return on equity and their stock price was $5 a share in 2000. oddly no liberals questin Nike on their use of sweatshops to make their shoes.

2) US sales are not a majority of their sales but their US sales are branded on what they call “ athletic dominance, and rejecting the status quo” Starting with Michael Jordan and then signing/moving primarily with other black athletes they pride themselves on sticking it to the man. If you wanted to show edge on and off the court, you wore Nike, especially with inner city youth -who spend a huge % of their income on these shoes.

I won’t buy Nike (hey they are inferior shoes too) but make no mistake this is deliberate and their are a lot of people in our country who don’t love our country.


90 posted on 07/06/2019 2:15:55 AM PDT by TECTopcat (TopCat)
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To: Drew68

Here’s a patriotic shoe by Brooks-a whole collection-tku Brooks
https://www.brooksrunning.com/special-edition-running-shoes/patriotic-running-shoes/?utm_source=twitter&utm_medium=organic_social&utm_campaign=mkt_q2_2019_oldglorylaunch_tw_1


91 posted on 07/06/2019 2:50:51 AM PDT by TECTopcat (TopCat)
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To: Drew68

New Balance for me for years and recently added Sketchers to the mix...


92 posted on 07/06/2019 3:15:42 AM PDT by trebb (Don't howl about illegal leeches, or Trump in general, while not donating to FR - it's hypocritical.)
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To: Drew68

It is called civil war.


93 posted on 07/07/2019 3:07:50 AM PDT by Destroyer Sailor (Revenge is a dish best served cold. Z)
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