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Post by CHC8485 on Oct 25, 2022 14:54:55 GMT -5
I suspect they would have taken that hit (people no longer buying Ye branded mechandise) and then some (people not buying other Adidas branded merchandise) had they not cut ties. Just the impact in terms of the colleges and universities who would have bailed on them if they did nothing would have been huge.
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Post by bfoley82 on Oct 25, 2022 14:56:30 GMT -5
I suspect they would have taken that hit (people no longer buying Ye branded mechandise) and then some (people not buying other Adidas branded merchandise) had they not cut ties. Just the impact in terms of the colleges and universities who would have bailed on them if they did nothing would have been huge. The stock price has dropped nearly 25 dollars since 9/1 from 73.39 to 50.04 today.
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Post by rgs318 on Oct 25, 2022 16:42:14 GMT -5
The old rule..."Buy when they are friendless" may soon come into play.
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Post by Chu Chu on Oct 26, 2022 11:55:52 GMT -5
The GOOD news is, their brand is now identified with the top football program in New England!
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Post by longsuffering on Oct 26, 2022 12:26:42 GMT -5
The old rule..."Buy when they are friendless" may soon come into play. Hadn't heard that one, it's similar to "buy when there is blood in the streets." Maybe the whole clothing endorsement scam is a house of cards industry wide. The market is saying one third of a clothing manufacture's value is based on celebrity endorsement.
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Post by WCHC Sports on Oct 26, 2022 12:44:08 GMT -5
"Be greedy when everyone is fearful, and be fearful when everyone is greedy."
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Post by HC92 on Oct 27, 2022 6:16:47 GMT -5
"Be greedy when everyone is fearful, and be fearful when everyone is greedy." There is definitely something to be said for a contrarian investing philosophy.
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Post by alum on Oct 27, 2022 7:51:02 GMT -5
I think that it is possible that people buy sneakers with no intention of wearing them to play basketball anymore.
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Post by WCHC Sports on Oct 27, 2022 8:35:23 GMT -5
"Be greedy when everyone is fearful, and be fearful when everyone is greedy." There is definitely something to be said for a contrarian investing philosophy. Yeah it works for Warren Buffett-- it's his quote.
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Post by KY Crusader 75 on Oct 27, 2022 10:51:41 GMT -5
There is definitely something to be said for a contrarian investing philosophy. Yeah it works for Warren Buffett-- it's his quote. Who would have thought that Warren Buffett monitors Crossports and takes our advice!!!
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Post by longsuffering on Oct 27, 2022 13:35:22 GMT -5
There is definitely something to be said for a contrarian investing philosophy. Yeah it works for Warren Buffett-- it's his quote. So Warren would invest in this season's HC MBB.
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Post by WCHC Sports on Oct 27, 2022 13:37:59 GMT -5
He'd be buying at the bottom, that's for sure!
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Post by sader1970 on Oct 27, 2022 13:38:41 GMT -5
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Post by longsuffering on Oct 27, 2022 14:33:50 GMT -5
I'm invested in them. Hope that's a "leading indicator."🙂
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